Energy Prices Increase for South Africans to pay R1 Trillion for nuclear programme

Energy Minister Tina Joemat-Pettersson recently said that South Africa will start a nuclear build programme in 2015, in a bid to generate an additional 9,600MW of electricity. The country will have six new nuclear power plants by 2030, which will cost between R400 billion and R1 trillion to build, according to a report by Reuters.

The Department of Energy and the South African Nuclear Energy Corporation (NECSA) appeared before the Portfolio Committee on Energy on Tuesday (2 June) to brief it on the Nuclear Build Programme.

Energy Minister Tina Joemat-Pettersson recently said that South Africa will start a nuclear build programme in 2015, in a bid to generate an additional 9,600MW of electricity.

The country will have six new nuclear power plants by 2030, which will cost between R400 billion and R1 trillion to build, according to a report by Reuters.

“From today’s briefing it is clear that government has brazenly chosen to pursue the nuclear build despite it being fraught with financial and infrastructural limitations,” said DA Shadow Minister of Energy, Gordon Mackay.

“Of great concern are the cagey and evasive responses provided by the Department on the proposed financing models for what will be SA’s most expensive public procurement process ever,” he said, noting only a single slide in the presentation providing information on the projects funding.

“In the slide it is suggested that the DoE, through Eskom, intends to finance this programme by way of ‘tariff recovery at early stages’ – also known as the Medupi/Kusile model where the consumer carries the cost of the new build through tariff increases.

“From this information, one can only conclude that the DoE intends to fund the nuclear programme through massive electricity price hikes,” the shadow minister said.

The National Energy Regulator (Nersa) is set to make a decision whether it will authorise Eskom’s application to hike tariffs by 25.3% on June 29, 2015.sa

“This will inflate the cost of running a business, cause widespread job losses, and make electricity unaffordable for many South Africans,” Mackay said.

He said that at an estimated cost of R1 trillion before cost over runs, the choice to go nuclear “is nothing short of absurd”.

Minister Joemat– Pettersson’s announced in her budget speech a week ago, that her Department will begin with the nuclear procurement process in the second quarter of this financial year.

The Minister expects to present the outcome of the procurement process to Cabinet by year end.

Considering South Africa is not close to being ready to roll out nuclear to the public, Minister Joemat-Pettersson’s apparent insistence and haste is alarming and, frankly, irresponsible,” the DA said.

The DA said it is primarily concerned with the impact of the proposed Nuclear Build Programme on SA’s potential economic growth as well the impact on the long-term electricity pricing path.

Source: http://businesstech.co.za

They Stole my IPhone in Port Shepstone!

I had stopped at a local tearoom to buy a drink today. At the checkout I rested my phones on the counter whilst I looked through my pocket for change, I then proceeded to my next meeting. Upon arrival I looked for my IPhone but could not find it. I tried calling it using my other phone to no joy. I traced back down memory lane as to where I could have left the phone. I was uncertain as to whether I left it at the tearoom – so I rushed back thinking on the way, if I questioned the staff, “did you see a IPhone?” they would say “no” of course. So I rehearsed the following,

“Where is my IPhone? I’m giving you four minutes to hand it back as I have evidence it is within this shop – it clearly shows on my GPS.”

I arrived back at the tearoom and parked up, with positivity repeated my demand. The staff denied it – making me feel as if I was mad. I was convinced it was not at this place and that they were telling the truth. I had one last go, “give me your boss’ number I requested – pretending no longer to be interest in the phone.

I walked out and then for some reason, walked straight back in again and approached the Security Guard. He made out some story to which I could not understand. However led me to the back of the shop where he returned my lovely white IPhone.

I called their employer and said, “Sir, it’s not my business but your staff just stole my phone from the counter whilst paying for an item. If they stole from me, they are probably doing the same to you”.

He thanked me and later called to confirm that the cashier and security guard were both fired! You would ask do I feel bad? Don’t be ridiculous! I hope more thieving employees get fired; business owners work hard and sacrifice a lot to earn a living. There are more than 20% of South Africans unemployed!