Ramaphosa: Energy crisis hurting investment, economic recovery

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President Cyril Ramaphosa has lamented the economic devastation that Eskom’s daily load-shedding is having on the economy and prospects for foreign direct investment.

26 September 2022 - 14:52

Ramaphosa said South Africans are justified to be livid — and promised the government was doing something about the power crisis.said residents need to be patient with the government’s interventions that are apparently meant to end the blackouts. Ramaphosa said South Africans must make peace with the “reality” that load-shedding is going nowhere, “given the unpredictable performance of Eskom’s fleet of coal-fired power stations”.

“To address the immediate energy shortfall, Eskom has since July worked on procuring emergency power, and in the past week launched power purchase programmes for 1,000MW of emergency capacity from companies with existing generation capacity and to secure imports from neighbouring countries.

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 /  🏆 13. in SG
 

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No sh*t, Sherlock...

Correction...MYANC hurting investment, economic recovery

He says this. Does he know it? Such obvious statements from the President given semblance of empathy is shallow & misdirected. It also appears distant from the travesty. He’s confirming he’s inept & has no answers.

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Ramaphosa urges citizens to protect, preserve SA’s traditional music - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.President Cyril Ramaphosa has urged South Africans to protect and preserve the country’s traditional music. urged Kanjani singana gesi😕 CyrilRamaphosa PresidencyZA OK but can you protect & preserve our daily electricity supply, water & sanitation, safety & security, jobs and our taxpayer money (no more gravy planes aka 40 hangers-on to London). You can't and won't, can you?! So, quoting to your Cele: Shut up! I'm happy to join those who are sharing the good news about Brandonkaren11 I'm not persuading anyone to trade with her but i advise every investor to make the right choice when it comes to Bitcoin mining i got my withdrawal safely without any interruption
Source: SABCNews - 🏆 37. / 51 Read more »