:Fears and thoughts in South Africa

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Re: Re:Fears and thoughts in South Africa

1 year 4 months ago
#857165
Cyril the Squirrel may deliver the ANC's Jan 8 statement but it remains in doubt if he'll deliver the state of the nation address a month later...NPA, SARS, SARB, FIC, PP reports on Ramasofa matter are expected to come out in between those two dates...

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Re: Re:Fears and thoughts in South Africa

1 year 4 months ago
#858236
I have kept low key over the festive season.

Yesterday on TV I heard a spokesman say that "we are ready for schools tomorrow "

I said to Mrs S what chance ????

As expected total shambles and chaos

Is there anything the ANC can get right 😪
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Re: Re:Fears and thoughts in South Africa

1 year 4 months ago
#858237
Between
Rampant Inflation
Record High unemployment
Collapse of Eskom
Corruption at all levels of the Regime

2024 cant come to soon but boy its gone be bumpy.

Zimbabwe 2.0 loading

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  • mikesack
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Re: Re:Fears and thoughts in South Africa

1 year 4 months ago
#858249
Health ministry and Phala Phala Joey calling for boosters.......... to launch you into the next world.

www.globalresearch.ca/seeing-believing-w...around-world/5804242

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Re: Re:Fears and thoughts in South Africa

1 year 4 months ago
#858259
Level 6 😎😎😎😎😎😎

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  • Lionel
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Re: Re:Fears and thoughts in South Africa

1 year 4 months ago
#858262
For the optimists amongst us (hopefully not ostriches)...for the sake of the next generations.

Interesting article that I read today:

South Africa – the world’s chosen nation:

Once we get that right our economy will grow by more than 5% per annum for a decade and longer, and employment will grow strongly providing a better life for all.

Who would argue? The world sends South Africa favourable grants and favourable loans to meet its CO₂ net zero targets for green energy, and at the same time buys all the coal we can export at prices 250% higher than two years ago

Financing worth $8.5 billion (about R144bn) from the US, the EU and Britain was given to South Africa. It sounds too good to be true and we all know what that means. But currently there are other strange assumptions that are not easy to explain.

The production of a solar farm requires three times more mineral resources than a similar-sized coal plant, and constructing a wind farm needs 13 times as much as a comparable gas-fired plant.

South Africa needs to spend $250bn over the next three decades closing down its coal-fired power plants and replacing them with green energy, according to a study by the Blended Finance Taskforce and the Centre for Sustainability Transitions at Stellenbosch University.

Indonesia’s energy ministry, Sunindyo Suryo Herdadi, said recently: “We believe Colombia and South Africa are in the better position to serve the market in Europe should they look for substitutes from Russia.”

Minister of Energy Gwede Mantashe is making the plea for coal. “My understanding is that Eskom has 45 000 megawatts connected, but at best gives us 26 000MW, and this when there is a gap of 22 000MW not decommissioned not giving us energy,” he said.

“Therefore, with that capacity connected I think there can be no collapse of energy generation, but we should pay attention and be servicing the units that are available in Eskom, connected, having capacity to give us energy, they must give us energy.”

Financing worth $8.5 billion (about R144bn) from the US, the EU and Britain was given to South Africa. It sounds too good to be true and we all know what that means. But currently there are other strange assumptions that are not easy to explain.

The production of a solar farm requires three times more mineral resources than a similar-sized coal plant, and constructing a wind farm needs 13 times as much as a comparable gas-fired plant.

South Africa needs to spend $250bn over the next three decades closing down its coal-fired power plants and replacing them with green energy, according to a study by the Blended Finance Taskforce and the Centre for Sustainability Transitions at Stellenbosch University.

Indonesia’s energy ministry, Sunindyo Suryo Herdadi, said recently: “We believe Colombia and South Africa are in the better position to serve the market in Europe should they look for substitutes from Russia.”

Minister of Energy Gwede Mantashe is making the plea for coal. “My understanding is that Eskom has 45 000 megawatts connected, but at best gives us 26 000MW, and this when there is a gap of 22 000MW not decommissioned not giving us energy,” he said.

“Therefore, with that capacity connected I think there can be no collapse of energy generation, but we should pay attention and be servicing the units that are available in Eskom, connected, having capacity to give us energy, they must give us energy.”

Here some interesting facts about coal in South Africa:

*The coal industry employed 92 230 people in 2019 (86 647 in 2018), representing about 19% of total employment in the mining sector

* 258.9 million tons of coal was produced in 2019 (253Mt in 2018) with total coal sales of R139.3bn (R146bn in 2018)
* Net investment in the coal industry was R4.5bn in 2010, decreasing to R2.5bn in 2018 - an average decline of 15% per year. This is even though coal is a major source of electricity in the country

* 70% of coal volume is consumed domestically and more than 70% of electricity demand is generated from coal power

In a recent development, Richards Bay Coal Terminal (RBCT) has cancelled an export entitlement contract with Optimum Coal Mine in a development that has provoked an outcry by contractors who claim 2 000 jobs will be lost.

The recoverable coal reserves in South Africa amount to 66.7 billion tons, equivalent to about 7% of the world’s total (DMR, 2016).

A study by Nova Economics on behalf of Eskom estimates that 1% load shedding (as percentage of electricity sales) is associated with a 0.4% decrease in GDP growth.

The cost of an entire day of load shedding to the economy is estimated as:

• Stage 1 (1 000MW): R235.5m

• Stage 2 (2 000MW): R471.3m

•Stage 3 (3 000MW): R706.7m

• Stage 4 (4 000MW): R942.4m.

In the decade that Eskom reduced its electricity production by almost 10% the economy became 11% larger.

It is nothing less than spectacular that the economy was able to perform at this level in spite of Eskom, SAA, Denel, Transnet and Prasa.

Another layer of incredible adverse conditions came from the large level of state capture which consisted not only of looting and corruption, but also many other activities such as the efforts to disable the law enforcement agencies, the attack on the judiciary and the various acts of sabotage on our Infrastructure.

It is noteworthy to compare Eskom to Sasol. Sasol Mining produces about 40 Mt of saleable coal per annum, which is mainly used as gasification feedstock for Sasol Synfuels in Secunda and utilities coal for the Sasolburg operations.

Sasol uses roughly 40% of the amount of coal that Eskom uses. There has never been complains about coal quality issues, excuses such as wet coal, or sabotage at the plants or that the Guptas got hold of one of the Sasol mines such as Optimum?

If Sasol were to be given a management mandate to run Eskom, we can be assured that many operational issues will be resolved, the workforce will be right-sized, that is, surplus workers will be retrenched timeously.

Before Covid-19 SAA had 700 pilots, today it has 80; it comes down to too little too late, this fate seems likely for Eskom.

Everything stated above that went wrong can and will be reversed, of that I have no doubt.

Once we get that right our economy will grow by more than 5% per annum for a decade and longer, and employment will grow strongly providing a better life for all.

Corrie Kruger is an Independent Analyst

BUSINESS REPORT

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Re: Re:Fears and thoughts in South Africa

1 year 4 months ago
#858270
Note that $8.5 billion of "financing" has been provided...loans not grants and the ANC and the thieves will take their cut off the top when any procurement is done...by ensuring that procurement goes to entities that will "donate" to the ANC...Cyril the Squirrel only too happy to sit at the table with the big wigs...maybe next time he's in a photo with other presidents from Europe / US, they won't be enquiring as to who was photo-bombing the picture...

The green con will impoverish us all as the lack of base-load could lead to decreased productivity...furthermore, battery storage requires rare earth minerals and the mining thereof is not as environmentally friendly as switching off coal is claimed to be...

Lastly, just this week I heard about the measures taken 30-40 years ago with respect to the ozone layer (remember that?) will only possibly have some material results in another 40 years from now...
We've moved from "global warming" likely to see New York under water in 10 years in the 1990's/2000's to it stil being about 8-10 years to climate catastrophe due to now "climate change"...the alarmists need to sit on a bed of nails and spin...all they are interested in is money...living the high life whilst others must change what they do for the supposed greater good...when are they going to ditch their private airplanes and excessive consumption and wastage, etc?

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  • Muhtiman
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Re: Re:Fears and thoughts in South Africa

1 year 4 months ago - 1 year 4 months ago
#858272
....this article is merely unresearched generalization and may have been copied and blended with from something written many years ago....as Sasol is no longer reliant on coal as they did when the Fischer Tropsch technology was 1st adopted by them .....they have since mid 2000's moved to converting Mozal gas piped from Temane to Secunda via their GTL technology....also there are several various grades of coal based on calorific value and size....and Eskom for years even before 1994 burned lower calorific grades while higher value coal was always exported.....the Late Graham Beck with his Kangara mining company and others were instrumental in developing the Richards Bay coal terminal solely to export higher calorific grades mainly to Europe as the transport leg was less costly than that of chief competitor Australian coal that dominated the far east markets.....to get a current day perspective the average price of higher grade calorific coal is around US$165/MT FOB which X17=ZAR 2800/MT while ESKOM pays no more than R700/MT delivered to site.....in the early 80's export coal was in the region of $150/MT but the exchange rate at the time was almost equal to the ZAR and it was a much poorer commodity then.....but due to our piss poor exchange rate is now a major export earner as now European countries that had invested in mining/extraction projects in Russia have to now tap supply from the markets that they deserted way back in the 1980's....bottom line Eskom has never been able to pay for better coal....but cannot use the much poorer tailings that is currently been swapped out by the coal mafia in these many sorting yards on route to Eskom power plants.....:S
Last edit: 1 year 4 months ago by Muhtiman. Reason: not Maputo

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Re: Re:Fears and thoughts in South Africa

1 year 4 months ago
#858283
What blows my mind considering the current state SA finds itself in.

You switch on the box and headline is

ZUMA VS RAMAPHOSA with a full bench of Judiciary...........

We must have other priorities 😪
..

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Re: Re:Fears and thoughts in South Africa

1 year 4 months ago
#858290
What blows my mind considering the current state SA finds itself in.

You switch on the box and headline is

ZUMA VS RAMAPHOSA with a full bench of Judiciary...........

We must have other priorities 😪
..

[strike]TV[/strike] Diversion/division is the opiate of the masses...:P

if you build it...they will come....:P

ours is not to reason why...;) ;) ;)

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Re: Re:Fears and thoughts in South Africa

1 year 4 months ago
#858291
and...in other news

Nersa grants Eskom increases of 18.65% and 12.74% for next two financial years

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Re: Re:Fears and thoughts in South Africa

1 year 4 months ago
#858421
A lovely sunny Sunday morning and up nice and early but power off from 6.00 to 10.30 😪

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