Loadshedding South Africa
Here’s How to Find Out When Your Area Will Be Hit by #Loadshedding
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South Africa’s GDP Falls by 2% During First Quarter of 2020
Sourced from Finance Monthly. According to Statistics South Africa, the country’s economy decreased by 2.0% in the first quarter of 2020. Extending the technical recession the country found itself in in the last quarter of 2019. Stats SA’s latest quarterly GDP figures come only a week after SA’s finance minister Tito Mboweni tabled a supplementary budget in part of the country’s response against the COVID-19 pandemic. South Africa is the worst affected country in the continent. Treasury now expects the country’s GDP to contract by a record 7.2% by the end of the year, while tax revenues are expected to fall over R300 billion shorter then what was estimated in February’s budget. Fin24 reports that the global economy is likewise looking dour. The UK is reporting a 2.2% contraction between Ja...
Energy Storage Technology Could Put an End to Africa’s Blackouts
Sourced from The Times UK. A shift from Africa’s traditional approach to power generation is needed to unleash the continent’s clean energy potential and secure an African future free from blackouts. A strategy centred around energy storage and flexible power systems will be the key to guaranteeing the reliability of a high-renewable grid, while also lowering the cost of electricity for Africans. As Africa’s economies and populations steadily grow, so too does the demand for reliable electricity. Simply put, new power plants need to be built, and the reliability of electrical systems needs to be vastly improved. But here is the challenge: How can African countries build an electrical system that can both integrate a large amount of inexpensive but intermittent renewable energy, while at th...
