6 MONTHS OF “NO ACCOUNTABILITY” FOR SA’s ELECTRICITY MINISTER Another 52 weeks of load-shedding - Samantha Graham-Mare

Loading player...
South Africa’s ever-optimistic Minister of Electricity, Kgosientsho Ramokgopa, has had “no accountability” for six months. That has emerged from a BizNews interview with the Democratic Alliance's (DA’s) Shadow Minister of Electricity, Samantha Graham-Mare. She shares the details of her many failed attempts to engage the Minister to collaborate on solving the country’s power-supply crisis. She charges that he has failed to attend any of the ad hoc Energy meetings in the Western Cape, “despite having three times agreed to be there and then not pitching for them”. However, with Parliament having decided that the Minister now reports to the Department of Public Enterprises, she is hopeful that there will be opportunities to engage with him in the Portfolio Committee. Meanwhile, the Minister’s predictions ”change weekly” in terms of when the crisis will be resolved. “But if we actually had to have a look at ESKOM's outlook for the next 52 weeks, you will see that every single week is indicated in red, which means that there will be load shedding - according to ESKOM- for every single week of the next 52 weeks,” she warns.
16 Oct 2023 7AM English South Africa Investing · Business News

Other recent episodes

BNC#8 Piet Viljoen - Survive first, profit later: Why history beats prediction in investing

Piet dismantles the myth of market prediction, arguing that success comes from judgment, discipline, and respect for history. Drawing on timeless lessons, he reveals why human behaviour drives cycles, why diversification and liquidity matter, and why survival beats brilliance. In a world obsessed with forecasts, this approach focuses on resilience,…
20 Mar 5AM 27 min

BNC#8 truth over hype: Magnus on investing, independence, and winning in a tough economy

Magnus built his career on questioning narratives and pursuing truth - first in journalism, then in financial advice. From navigating market volatility to championing global investing, his journey reflects resilience and independence. In a challenging South African economy, his message is clear: think critically, stay global, and never compromise on…
19 Mar 8AM 23 min