Loadshedding worse than stated, actually hit ‘Stage 8’ admits Mantashe

Loading player...
Energy Minister Gwede Mantashe has admitted ESKOM lied to South Africans about load-shedding stages it was implementing. In this interview Samantha Graham-Maré, the Democratic Alliance’s (DA’s) Shadow Minister of Electricity.notes:  “…in a couple of questions in the last week, Gwede Mantashe has admitted that last year January we went into Stage Eight load shedding…it’s the first time that anybody from government has actually admitted to the fact we did go into Stage Eight load shedding.” The wide ranging discussion with Chris Steyn includes her take on Government’s Revised Integrated Resource Plan and how National Treasury has “very quietly” incurred a $1 billion debt with the World Bank. - Chris Steyn
16 Jan 2024 6AM English South Africa Investing · Business News

Other recent episodes

BNC#9 | Viljoen Q&A: The investment advice most fund managers won't give you

Piet Viljoen doesn't read the news, doesn't watch the Fed, and thinks most of what the investment industry sells you is jargon designed to make simple things sound complicated. In his Q&A at BNC#9, he went after executive pay, looked at private equity's real return profile, explained why he avoids…
9 Sep 10AM 32 min

Sam Montsi: Keep “crazy” people out of power!

In this interview with Chris Steyn, business icon and author Sam Montsi, gives his take on revelations at the Madlanga Commission of Inquiry, as well as the worldwide impact of US President Donald Trump’s actions. On political and police capture by crime cartels, he says: “It's frightening what has happened…
9 Sep 5AM 17 min