Stage 6 rolling blackouts were implemented for the most part of last week
“All countries are facing rising inflation and that rising inflation is also accompanied by energy challenges. We have seen energy prices that rise last year. So last year South Africa is no exception to rising inflation. But what we have also seen is that there are concerns about what is going to happen to the global economy, this when the Covid shock hit us our economy was already in any case facing its own structural challenges which are now becoming more pronounced with the energy situation.
Economists project slow global economic growth for 2023. This comes as the recent World Economic Forum CEO’s survey found that two-thirds of private and public sector chief economists expect a global recession this year. Their concern is that slow growth is worse than a recession as it lasts longer.
How convenient
He is thinking like a typical ANC politician and talking nonsense.Our energy crisis was created by mismanagement of Eskom by his own comrades ,not some international energy problem
The energy problem of ZA is a decade old. Don't take the easy route and try to climb onto the bandwagon.
Nonsense
This one when he comes back he will be shouting as if we can’t hear tell us the interest rate is going up!!!
Then we have a very global crisis of overt mismanagement. accountability
Give the ppl some stats on the closures of SMME's, bankruptcies, foreclosures, disinvestment, suicidal rate increases as a result of your inadequate and cadre deployment efforts, that's more real Than spinning your 'we are in the same boat as other countries' spin..
Spin doctors are out..we are going to get more bogus data and misinformation from the heads of the ANC ministerial committees, next it will be stats SA Why don't the same finance guy tell us statistically how much damage is done to SMME's, forclosures,,bankruptcies,etc.
NO NO NO. The energy crisis in South Africa is an ANC crisis.
Please explain why globally they not affected as much as South Africa ?
Can we solve it then and show the world that we can solve our own issues without waiting from the so called first world to buy our country
That's suppose to relieve us right?🙄
I dont know which South Africa is RBG live in,this man is a disaster he keep on increasing repo rate while other RBG from other countries decreasing repo rate.Why is he increasing repo while energy crisis global one?
That's why South Africa is exporting first grade coal 😎 Eskom_SA PresidencyZA TPT_Transnet EFFSouthAfrica MbalulaFikile
But ours is unique.
Tell him to Voetsek
But ours is a man made problem, that's the difference. if Brian, Matshela and Anoj stole Eskom money, when are they going to prison? Lesetja
They are busy brainwashing us so that the Repo Rate can increase and Eskom can have another increase
The difference is ours is self inflicted.
That's a lie,ours is man made,
Kganyago didn't drink his pills
Yes it is but we r worse.
So it's ok?
This is a lie.
Stop talking rubbish, the other countries are struggling with an energy crisis because of the war and all that. Our was provide by our government and their lack of planning, urgency and looting. Do you really think we are all stupid and don't follow news.
Thethi kaka le nja🤬
Stop it it's a SA problem
Then WHY is government putting so many stumbling blocks in front of renewable energy. What are they hiding. Time for them to go.
Hoor vir jou..making Ramaphosa excuses valid...go sit down and put your finger on your lips ...liar
You sure because I haven't been hearing complaints from other countries
Their problems are not the same as ours A lot of their problems stem from Russia and the war where as is theft corruption greed & a lack of foresight So don’t try to hide behind arrogance and unaccountability
I knew it, this guy should not be a reserve bank governor!
That’s why they are quiet about PhalaPhalaFarmGate it’s because they are putting their noses to things that is not of their concern
Most from fuel shortages & fuel costs. Most are states not entire countries. Most are mitigating with solar. How are we mitigating?
Let's not compare situations.. Let's solve our problem. Is the Governor telling us that there is no solution to the SA problem..
nonsense. SAs problem is not induced by a global forces. it is a result of consistent neglect, incompetence, cadre deployment and corruption. that fool must not mislead us.
KganyagoLesetja is sucking up to his master the MYANC ✊
he's not the Govenor of the World Bank so what's his point? Can our leadership stop deflecting and solve the crises on home soil
Seriously voetsek!
Maybe, but it's a worse case scenario in RSA
Voetsek!!!!!
Thethi nonsense
Like the rest of the world has loadshedding like we do
No where in the world is energy, power, as diabolically dealt with... cANCer
The reasons for the energy crises abroad is not the same as South Africa's reasons. We have the supply to ensure continuous power supply but 16 years of corruption brought us here. Much the same as saying climate change caused flooding when we don't maintain adequate drainage.
If your friends jumped over a bridge…. 🤷♂️
we had this problem before the war, what is this man saying.
Properly true, but ANC created and boosted our crisis with state capturing, corruption, ill discipline, poor management, blatant arrogance, etcetera etcetera.
Sometimes it's better to just say nothing.
Absolute bull. Yes green energy and coal and all that. But we've had all these years to implement solar and wind but nothing has been done in SA because corruption No more excuses will be tolerated by the people PresidencyZA Eskom_SA KganyagoLesetja loadshedding
Makes us feel so much better knowing we are not in the dark alone. Pity our problem is caused by corruption and bad management.
Wrong voice!
I have not been in one of the 35 countries I have travelled to when the lights went out! It doesn’t happen!! No continual rolling blackouts in civilized countries!! 🤡
Ooh. And the theft from eskom is it global crisis ?
Scrambling with excuses
BathandwaMki Eeee kwasuka lokho
He’s just digging for reasons to spike up interest rates further!
Mxm 🙄
Rubbish
No it's not. Even Ukraine has power during a war.
Thanks Genius...hope they enjoying our coal....grow a pair and take some responsibility ...we live in a sh1thole
Where are the ratings agencies, while we at it?
16 years of loadshedding. How?
I left South Africa for Korea through legal means. I pay my electricity, no izinyoka. They have no coal supplies like us but hither have no loadshedding. Maybe because their boarders are tight, even their cousins next door in NK cannot enter. No illegal immigrants. No izinyoka!
🤣🤣💔
America never has loadshedding Namibia does not have. Many countries have never heard of loadshedding
Wa nnya Wena. Mxm
He will say that he has no Loadshedding akere they are Demi Gods 😡
🤌🏾🤌🏾🤌🏾🤣🤣🤣🤣
ANC MUST GOOOO!!!!!! WEVE HAD IT UP TO HERE
Why? Did you send bad coal to Europe?
Why is this any of ure business. You still need to tell us why you increased interest rates this time around
Not global but most African don't call Africa global
Carry on bluffing yourself Mr Reserve Bank. If so, the ANC led SA is probably the worst.
Give us details of other coutries
He is drunk this one
Ye wanya 🤮
Ag please KAK !!!!
Esbhedela just bcoz the globe has an electricity crises mean we shud also have one. Yey man yeerrrr aaaggg. Bunch of useless people.
This guy is useless. History will judge him very bad...
I don’t care about GLOBAL…. Fix ours
It is a global crisis, but for completely different reasons. South Africa's is corruption and mismanagement. Others have war imposed crises.
Laughable 🤡
EU energy crisis is related to supply constraints, even LATAM, and US. RSA does not have a energy crisis, they have ghost contractors rendering fake services for Eskom. This whole loadshedding scheme is only for Government to pump more money into fixing what's not broken. Looting
Is the same reasoning used for rate hikes as well…. Well, the whole world is going through the same 🤷🏾♀️😭😭😭
Voetsek
This is like going to a dentist when having a foot problem. He should just stick to running the reserve bank, please.
Parroting the WEF line after they 'declared a global energy crisis' today. Our politicians and president are fully captured by the globalists and have been for some time. Wanna bet that SA's electricity crisis is a manufactured one? The 'renewables gang' at the WEF are behind it.
Nope. Not true.
Being a wheat grower & told by an apple farmer to stop making bread as you have to give all your wheat to him, that's stupid
It's a global problem to the countries that do not have high grade coal, ours is shipped out at Richards Bay, R8bn paid to CyrilRamaphosa by Biden to stop SAn coal stations & send all that coal abroad
We got a leadership crisis not energy crisis...what is being exported through Richard bay harbour is a proof...
O motho o mogolo a re hlomphaneng...please
Voetsek. In SA, South Africans should come first.
Stop smoking that sh1 t
I wonder if the rest of the globe went for 12 hours without power today, yesterday, the entire week, month..
So the world is on stage 6 since Nov last yea
Dakiwe lo
it is just the worst here? You fail to mention others see a power outage of 30 minutes once a month as a power cricis.
We have our own electical supply the globe is the least of our worries but that mean there is someone in control of the globe.
Kganyago we are not glibal we are South Africa so plz stop compering us with a global or because you are not affected by these crisis you talk about
Nonsense . You also trying to dom us . No no. No.whether global problem or not we don't want it . Energy crisis is definitely man made. See if people start to react . They managed to reduce stages.
This one think this is Zim were he was born.
Bunch of comedians. And people will make their cross for the same party
The difference here Governor…. is that the energy crisis is of ANC ruling party’s own making! The Gov were warned prior 2008 and the ruling party then(same one now) did not head the warnings(plural). So stop COMPARING this could have been AVOIDED.
we worry about SA. The rest of the globe can sort itself out
Inganekwane
Lesetja is singing for his supper
Lesetja please drink your medication
Aaaaah typical MYANC response. Never take responsibility
You mean a Ukrainian problem? See they're at war...what's our excuse ?
That guy is not well
Shouldnt he be talking about Nationalization? Phuma ko enginneer
So what?
Udla amadrugs lo
I hate this global comparison.... Ours is pure government incompetence and has no link to global energy crisis.
Everyone will start singing this song until we accept loadshedding
Fot 16 years!?
Lesetja is lying.
The only difference, SA has had this problem for decades
This dude lying energy problem is different to those in the rest of the world. we been having energy generation problems for the last 16 years. Eskom collapsing! The rest of the world can't get enough coal on their hands since the Russian Ukraine war.
Only we can do something about it
What nonesense! Another feeble attempt to save the ANC incompetence from being exposed in the global arena.
Haai boo so there is loadsheding globally
Hes lying 🤥
Bull shit.
No is a green lies, ANC members they Campaign with blue lies
Bullshit. Other countries don't possess massive coal deposits like South Africa. He was told to say that. He should stick to monetary policy and stop taking sides
him sizimthuka kahle
Is that supposed to make us feel okay? That's a load of nonsense. Our problem is that we have a puppet president, a useless man called Pravin who runs the SOEs to the ground deliberately and a clueless Eskom CEO.
I know I'm not suppose to post this here, but I just want to help 50 persons on how to invest and make up to R80,000 within a week without sending money to anybody. If you're interested DM me on Whatsapp.. +27724670422
So the rest of the globe squandered energy investments and appointed dodgy suppliers and managed maintenance contractors to screw up their national grid? Ok we get it now.
Lol ai
Is this statement meant to console us? Energy crisis in an already battling country with high unemployment can't be compared to Germany or other well off EU countries.
Nonsense