SA’s chrome exports boom while its smelters cling to life
The country has finally offered cheaper electricity to its smelters, but is this enough to win back the business?
News
2 763 stories from 13 South African publishers, refreshed through the day. Every story is the publisher’s own — read it on their site, talk about it here.
Showing stories from The Citizen. Clear
The country has finally offered cheaper electricity to its smelters, but is this enough to win back the business?
There are millions of ounces in old workings that suddenly look attractive at current prices.
The country has turned to the US and Nigeria to keep fuel flowing as supplies via the Strait of Hormuz are disrupted.
A new funding model is considered - but Outa says this is not the solution.
Funds paid by residents for electricity are swept into a common pool for use elsewhere, which helps explain the surge in outages.
In this wide-ranging interview, the Eskom board chair reflects on why he agreed to lead the power utility and the culture change that followed.
'Municipal debt remains the single greatest threat to Eskom's financial sustainability.'
Says he is satisfied with what he has achieved and confident the power utility will continue its recovery without him.
October is likely to deliver pain to South African motorists.
Affected employees will be retrenched on 31 December 2026.
Resources have tripled their weighting on the JSE over the past decade, and four miners have muscled their way into the Top 10 most valuable companies.
Operations have been suspended at the affected Mponeng mine.
The minister says several factors control electricity prices.
The concern is not the profit figure itself, but how some of the underlying judgements were made.
As solar systems age, components need maintenance and replacement.
The next step is to enter into a similar partnership to export South African blueberries, as proposed by China.
Government wants to get a grip on rogue electricity vendors.
Despite its return to profitability, the power utility is facing smothering debt and governance problems.
Municipal debt increased to nearly R120 billion, and electricity sales volumes fell by 6.2%.
Two 20-year contracts will deliver savings of around 20%.
Eskom reported a R30.3 billion profit after tax, more than double the R14 billion recorded in 2025.
Affected municipalities have until 1 September to conclude distribution agreements with Eskom or face possible supply interruptions.
Electricity minister proposes ways to 'level the playing field'
Union demands a review of all existing agreements and calls on government to stop enforcing them, among other measures
It is currently unclear whether flight fares will increase during this crisis.
The more pertinent question is what conditions national government will impose before asking taxpayers elsewhere in the country to finance its rescue.
Cheaper options may not always last as long.
Government plans to follow the utility's generation business closely as the country moves towards a more competitive wholesale electricity market.
More free electricity could put pressure on municipalities and paying customers.
It pays about R45bn a year to IPPs for electricity - but with R2bn in curtailment claims generated in just a few months, consumers may feel it in the tariff.