FRACKING FINDS FAVOUR

Fracking found favour with an audience in Johannesburg last week, which voted overwhelmingly for lifting the current moratorium on hydraulic fracturing, following a lively debate, chaired by the National Energy Regulator of South Africa’s Dr Rod...

Eskom faces avalanche of opposition as tariff hearings begin

South Africa's State-owned power producer Eskom moved on Monday to defend its highly unpopular application for price increases of 35% a year for the three-year period from April 1, 2010, to March 31, 2013, at the first of what would be nine...

Daily podcast – August 4, 2008

In today's podcast: Nersa grants Transnet an increase in allowable revenue of 7,73%, Gold Fields closes Kloof mine for 6 months for safety reasons and, Sasol hedges about 30% of its planned local synthetic fuels production.

Double whammy for coal if windfall-tax comes on top of royalty

Intervene at one end, and there are repercussions at the other.

Coal royalty could deal South Africa severe blow, windfall-tax task team warns

The proposed introduction of royalty taxes on coal against a backdrop of windfall taxes was of “major concern” as it could discourage inward investment, reduce employment and force electricity consumers to pay more, the Rustomjee task...