Railway News South Africa

Subscribe

Elections 2024

Lauren Bernardo tell us why the party systems should be dissolved in South Africa...

Lauren Bernardo tell us why the party systems should be dissolved in South Africa...

sona.co.za

Advertise your job ad
    Search jobs

    Significant gains in different economic sectors

    Significant economic results show that the volume growth of electricity was up by 20% year-on-year (y/y) and Business Live says that coal exports from Richards Bay surged by 34,3% y/y in January.

    Its figures show that exports via the Sishen-Saldanha line rose by 25% in January while cement sales volumes increased by 22% during the month. Also government revenue was sharply up, rising by 22,6% y/y to a record R102,065bn. Company tax collections were up by 30,7% y/y and Value Added Tax grew by 30,5% y/y as well.

    Worryingly there was a 56% surge in Eskom's unplanned outages to 5737MW in the first five weeks of the year, caused by a host of failures including boiler tube leaks, poor coal quality and excessive heat.

    Summer is Eskom's peak maintenance period because demand is seasonally low.

    For more:

    Let's do Biz