Sanctions on Iran have pushed up the oil price, but government’s levies and tariffs are not easing the pain as massive fuel price hikes hit consumers.
The retail price of all grades of petrol will increase by 71c per litre on Wednesday, the Department of Energy has announced.
Energy Minister Dipuo Peters says SA hopes to have a plan by the end of May for replacing Iranian crude that makes up a quarter of crude imports.
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/ 10 February 2012
United States sanctions on Iranian oil exports set to impact local refiners.
The energy department, Busa and the NBI have signed an Energy Efficiency Leadership Network Pledge, demonstrating commitment energy efficiency.
Energy Minister Dipuo Peters says South Africa may delay electricity tariff hikes in a move likely to hurt power utility Eskom’s funding drive.
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/ 2 December 2011
The energy department has announced that the retail price of all grades of petrol will decrease by 11c a litre on Wednesday.
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/ 14 November 2011
An energy department official says 53 bids have been received from independent electricity producers for the construction of renewable energy sources.
Government says it has not made a decision yet on the number of nuclear power stations to be built or which vendors would be used for such projects.
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/ 16 September 2011
The Department of Energy is pondering the possibility of a tax allowance for companies that can prove they have made energy savings.
Africa’s first diesel fuel blending plant has been launched in Centurion, bolstering SA’s efforts to enforce the supply of environmentally-friendly fu
South Africa needs to start the international procurement for its planned nuclear plants early next year so it can build the 1600MW plant by 2023.
The retail price of petrol will increase by 29 cents a litre next Wednesday, taking the price in Gauteng to over R10 a litre.
The mass roll-out of solar water heaters in low income communities needs to be accompanied by consultation.
The petrol price hike will hurt your pocket — but here’s what you can do to remove some of the sting.
About 400 marchers under the banner of the Anti-Privatisation Forum handed over a memorandum to City Power and Eskom in Johannesburg on Wednesday in protest against a proposed 53% hike in electricity tariffs. The protesters called for the immediate resignation of Eskom managers, among other demands.
The Minerals and Energy Department has terminated a R5-billion contract with a consortium led by United States power producer AES to build two open-cycle turbine gas stations, Business Day reported on Thursday. The contract was announced with much fanfare by Minerals and Energy Minister Buyelwa Sonjica last August.
Oil prices slipped more than a barrel on Monday as traders worried that the flagging United States economy would cause oil demand to soften. Oil’s sharp decline started last week. Crude futures started plunging after the US Federal Reserve-backed sale of Bear Stearns to JPMorgan Chase created fears of deeper economic problems.
Bedrooms (or the Oval Office, as the case may be) and boardrooms: they tend to share a characteristic — closed curtains. And when you ask the big guy whether he’s been fooling around, literally or figuratively, the answer all too often is "trust me". But once in a blue moon a reluctant witness comes forward with a stained blue dress. Does Hillary trust her man? No way.
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/ 28 February 2008
South Africa’s consumer inflation, which jumped unexpectedly in January, raised the risk of further monetary tightening despite worries over slowing economic growth. Statistics South Africa said on Wednesday that targeted CPIX (consumer inflation less mortgage costs) stood at 8,8% year-on-year in January compared with 8,6% in December.
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/ 25 January 2008
Switch off your lights is what the government is urging South Africans to do to immediately address what it calls a ”national electricity emergency”. On Friday, Public Enterprises Minister Alec Erwin and Minerals and Energy Minister Buyelwa Sonjica outlined several plans to alleviate the country’s electricity shortage.
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/ 5 December 2007
Jubilant Iranian President, Mahmoud Ahmadinejad, on Wednesday said the United States report confirming his country had abandoned its nuclear weapons programme was a ”declaration of victory”. ”This was a final shot to those who, in the past several years, spread a sense of threat and concern in the world through lies of nuclear weapons.” Ahmadinejad said.
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/ 5 December 2007
A jubilant Iranian leadership called on Tuesday for plans for new United Nations sanctions against the country to be dropped in the face of the United States report confirming it had abandoned its nuclear weapons programme. The report has forced America’s European allies to re-evaluate policy towards Iran on Tuesday.
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/ 6 November 2007
Major retailer Clicks announced on Tuesday that it has crushed more than 56 000 of the conventional light bulbs it stocked and is now only selling energy-efficient bulbs. While this comes at some cost to Clicks, it will help conserve energy and protect the environment, the company said in Johannesburg.
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/ 24 October 2007
National oil company PetroSA is to construct a R39-billion crude-oil refinery in Coega near Port Elizabeth, the company announced on Wednesday. Dubbed Project Mthombo, the proposed crude-oil refinery is expected to produce about 200 000 barrels of fuel a day and will come on stream in 2014/15.
Harmony Gold’s Elandsrand mine near Carletonville has been shut down for up to six weeks after the mine’s main exit was blocked, trapping 3 200 miners underground, the Minerals and Energy Department said on Thursday. About 800 miners remained trapped more than 2,2km underground by 4pm on Thursday.
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/ 12 September 2007
New York crude oil prices reached a barrel on Wednesday for the first time as the market fretted over declining United States reserves and a new tropical storm in the Gulf of Mexico. Prices shot higher after news that US crude reserves fell by a sharper-than-expected 7,1-million barrels over the past week.
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/ 6 September 2007
The South African Cabinet has appointed Eskom as the ”only” buyer of power from independent power producers. Briefing the media on Thursday, the day after Cabinet’s fortnightly meeting, government spokesperson Themba Maseko said the Cabinet had resolved that Eskom become the only buyer.