South Africa will not privatise Eskom

first_img15 May 2015Minister of Public Enterprises Lynne Brown has ruled out the privatisation of basic services, such as the provision of electricity and water, and has said load shedding will continue for three more years.Until the “end-state” of Eskom was clarified “we can’t say what parts should go where”, said Brown, who was speaking at a media briefing ahead of her budget vote in the National Assembly on 14 May.Reuters reported on 13 May that South Africa was considering either partially privatising Eskom or putting up some of its assets for sale in order to secure funding for the power producer and resolve an energy crisis.Quoting a statement from the National Treasury, it said South Africa was considering ring-fencing and selling stakes in the state power utility as it sought to secure funding for the power producer and resolve an energy crisis.“Given Eskom’s constrained balance sheet and government’s constrained fiscal position, there is a need to explore all options,” the Treasury said. “Consideration is being given to ring-fencing and selling stakes in Eskom’s non-core businesses or power stations as well as into Eskom’s business as a whole.”However, Brown was emphatic that she did not believe one should change the state-driven ownership model “for now. until you know what you are working towards. You can’t make a decision [about] what happens to Eskom or any of the other state-owned companies [until then]”.My long politician’s answerTurning to what she called “my long politician’s answer”, namely the question of what could be privatised by the state, Brown said: “Basic services must be provided by the state. How private companies and the private sector interact with that is part of what we are trying to do now. [But] we must be able to remain in charge as a state, for want of a better word.”Turning to the troubled Eskom, Brown said that even “in the deepest difficult time” – apparently referring to load shedding – Eskom had been able to connect 160 000 households with electricity.“It [Eskom] can’t be driven by capital. or profit,” she said, noting that it was the state’s responsibility – through Eskom as a commercial venture – to carry out the developmental responsibility.While acknowledging that load shedding would continue for the next three years, the minister said that some Eskom achievements “seemed to have been lost in the avalanche of publicity about other matters”.“Today, I am very pleased to announce that the ramp-up towards full output at Medupi has passed the 700MW milestone. When fully operational by the end of June 2015 as promised, it will deliver the equivalent of more than 40% of the output of the Koeberg Nuclear Power Plant.”Scheduled maintenance of Koeberg’s Unit One was well on track and was expected to bring more than 900MW back to service by the end of May.Eskom build programme“Looking ahead I have tasked the leadership of Eskom to accelerate the completion of the build programme, with improved project management, contracting and increase the generation capacity of the existing fleet,” Brown said.The state-owned companies under her department – Eskom, Transnet, Denel, South African Express, Safcol and Alexkor – had combined annual revenues of over R200- billion, she said, and would contribute the lion’s share of the state’s investment in infrastructure of more than R330-million a day every day over the next three years.“In conclusion, I want to say that over the next five years the highest priority goals which the department and I are required to drive are set out in the National Development Programme-rooted Medium-Term Strategic Framework. Foremost among these are critical initiatives to lower the cost of doing business to stimulate job-creating growth and to increase the efficiency of the economy:First, ramp up the electricity generation reserve margin from its current levels to 19% by 2019;Second, increase the tonnage moved on rail from the current 207 million tons to 330 million tons by 2019;Third improve the operational performance of sea ports and inland terminals by increasing the average gross crane movements per hour by 25% by 2019; and,Fourth, use the Eskom and Transnet infrastructure development and replacement investment spend to drive the overall national investment rate to 25% in a way that crowds in private sector investment and creates opportunity for new suppliers and sectors.”Source: SAinfo reporter and News24Wirelast_img read more

Siffron Introduces New Antimicrobial ModoShelf System to Protect Grocery Consumers

first_imgProduce is the number one factor when customers are choosing where to shop for groceries, but bacteria-laden shelves can pose dangers to consumers. A leader in retail merchandising, siffron announced the launch of ModoShelf™, an antimicrobial and customizable shelving system to help combat this issue.An industry first, the ModoShelf is the only NSF-certified merchandise shelving on the market today. The ModoShelf has removable antimicrobial ABS tiles that can be cleaned in a dishwasher. In a recent independent study, researchers tested ModoShelf’s antimicrobial surface, which effectively eliminated more than 99 percent of E.coli.“Stores are susceptible to high-levels of bacteria on produce so customer health may be at risk,” said William Mertz, siffron fresh produce product manager. “ModoShelf is a revolutionary shelving system that’s the answer to the problem of bacteria-ridden shelves, allowing grocers to easily maintain the cleanliness of their produce and effectively protecting their customers from dangerous pathogens that can linger on produce.”- Sponsor – Flexible and expandable, ModoShelf is available in four different widths (12”, 24”, 36” and 48”). Retailers can also adjust the angle of the shelves to four set positions: 0°, 10°, 20°, and 30°. ModoShelf’s tiles are installed easily, with no tools required as shown in the video below. For learn more about ModoShelf from siffron, click here. Stay UpdatedGet critical information for loss prevention professionals, security and retail management delivered right to your inbox.  Sign up nowlast_img read more

I am sorry, Amma: Kerala athlete’s last words to her mother

first_imgAparna’s grieving mother Geeta said she had told her about the mental and physical harassment meted out to the athletes by seniors.The budding rowing athlete, who died after consuming a poisonous fruit in an apparent suicide pact with her three colleagues, had apologised to her mother for taking the extreme step following alleged harassment by seniors at Sports Authority of India centre in Alapuzha, Kerala.Aparna’s grieving mother Geeta said Aparna had told her about the “mental and physical harassment” meted out to them by seniors at the SAI hostel while fighting for life at the hospital.”Mother please forgive me. I did this due to harassment of senior ‘chechis’ (elder sisters). Will I not survive?,” Aparna was quoted as saying by her mother hours before she breathed her last.Geeta also said her daughter had no intention of committing suicide, but took the extreme step as there was no other option before her following the continuous harassment.”My daughter had come home for ‘Vishu’ festival on April 15 and had told me it was difficult to share a room with the seniors. When the hostel warden was informed, she had promised to shift her to another room within three months”.But Geeta said her daughter later gave the impression that all was well at the hostel, probably as she did not want to cause any worry to her parents.”But in the hospital bed, while battling for her life, my child told me the truth about the seniors. Two seniors used to constantly harass Aparna and the other girls, due to which they consumed the poisonous fruit,” Geeta said.advertisementAparna had been undergoing training at the water sports training centre of Sports Authority of India for the past five years.Geeta said her daughter continued in the hostel despite the harassment because of the family’s circumstances.Aparna wanted to get a job to provide a better life to her younger brother, an eighth standard student at a local school.While her father is a worker in a house boat, her mother is an anganwadi worker. All the family’s hopes rested on the rowing champion, who had brought laurels to the state.last_img read more

Photo: Tennessee Fan Has An “EF BAMA” License Plate

first_imgEF Bama License PlateEF Bama License PlateGiven Tennessee’s longstanding rivalry with Alabama, most Volunteers fans don’t have too much love for the Crimson Tide or its supporters. The UT fan who owns the Toyota Tacoma below probably has a little less than the rest, however. Yep, someone out there actually has an “EF BAMA” license plate. Usually, you’d have to guess which team someone who owns such a plate would be a fan of – Auburn, Florida, Ole Miss, Tennessee, etc. But given the Vols logo on the back window, it’s obvious.[Clay Travis]last_img read more

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