Loadshedding worse than stated, actually hit ‘Stage 8’ admits Mantashe

Loading player...
Energy Minister Gwede Mantashe has admitted ESKOM lied to South Africans about load-shedding stages it was implementing. In this interview Samantha Graham-Maré, the Democratic Alliance’s (DA’s) Shadow Minister of Electricity.notes:  “…in a couple of questions in the last week, Gwede Mantashe has admitted that last year January we went into Stage Eight load shedding…it’s the first time that anybody from government has actually admitted to the fact we did go into Stage Eight load shedding.” The wide ranging discussion with Chris Steyn includes her take on Government’s Revised Integrated Resource Plan and how National Treasury has “very quietly” incurred a $1 billion debt with the World Bank. - Chris Steyn
16 Jan 2024 6AM 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