Eskom and Transnet woes: Government-business collaboration pays off

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

Transnet said the willingness of business to assist in turning around performance at the ports and rail operator has delivered results.

The JSOC is vital to making SA attractive for investment and creating jobs.SA has gone 43 days without load shedding and Transnet’s rail and port performance is on the mend. All going well, load shedding may be history by the end of 2025.

Some 350 specialists have been deployed to power stations, Transnet and various crime initiatives, racking up close to 7 000 hours of contribution.Load shedding is down 61% for the period December 2023 to February 2024 compared to the same period the prior year;Six gigawatts of new generation capacity has been added to the grid;Requests for proposals have been issued for 7.

A key target is the reduction of infrastructure crime at Eskom and Transnet, and there is evidence that this is happening.Speaking at a PSG investor conference on Thursday, Transnet chair Andile Sangqu said the willingness of business to assist in turning around performance at the ports and rail operator has delivered some quick results.One of these was the supply of drones and 24-hour security on key corridors to combat cable theft, which has been crippling operations.

James MacKay, CEO of the Energy Council of SA, said ending load shedding is the first target in a much larger campaign towards net zero carbon emissions by 2050, a tough target that is likely to be missed. This is the same target being pursued by the UK, which has a 15-year head start on SA.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa's contingency reserves won't be spent on Eskom, Transnet, finance minister saysSouth Africa's contingency reserves won't be spent on Eskom, Transnet, finance minister says
Source: City_Press - 🏆 7. / 72 Read more »