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/ 10 October 2007

DA says Eskom caught napping again

Eskom has been caught napping again and has caused massive disruption to the public and the economy, the Democratic Alliance said on Wednesday. ”Eskom has informed the public too late about load shedding and has caused massive disruptions,” said DA spokesperson on Minerals and Energy Affairs, Hendrik Schmidt.

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/ 1 October 2007

August credit growth slows, M3 up

Growth in demand for credit by South Africa’s private sector slowed slightly in August but money supply quickened, leaving the door open for higher interest rates. Central bank data on Monday showed credit demand growth eased to 22,91% year-on-year from 23,13% in July, above forecasts.

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/ 7 September 2007

Generators to banish ‘lights out’ at Twenty20

The three venues for the Twenty20 World Championship — Wanderers, Kingsmead and Newlands — have all decided to use generators as the preferred source of energy to light the games. And this has raised questions about Eskom’s and local municipalities’ ability to handle the much bigger event, the Soccer World Cup, in about 1 000 days.

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/ 5 September 2007

Eskom looks to nuclear plants

South Africa’s largely coal-driven power utility Eskom has hit the limits of its capacity and aims to double output by 2025, with nuclear plants supplying more than a quarter of future energy compared with 6% now. Eskom’s chief executive Jacob Maroga told a coal conference on Tuesday the state-owned firm would cut back on polluting coal-fired plants.

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/ 2 September 2007

Gloomy numbers cloud SA economic optimism

A string of gloomy data has clouded some of the optimism surrounding the South African economy, raising fears of another interest-rate hike and casting doubt on government growth forecasts. Figures released on Tuesday showed that growth had slowed by 0,2 percentage points to 4,5% in the second quarter of 2007.