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Editorial Insight

Grim picture
Grim picture
19th June 2020 By: Terence Creamer

The damage wrought by the Covid-19 pandemic on the South African economy is becoming  horrifyingly clearer by the day. The World Bank warns that South Africa will, in 2020, experience its deepest... 


Transparent and rational stimulus choices
Transparent and rational stimulus choices
12th June 2020 By: Terence Creamer

Governments and economists around the world are currently considering how best to  respond to the economic shock caused by the Covid-19 pandemic and to do so in a way that resets their economies... 


What emergency?
What emergency?
5th June 2020 By: Terence Creamer

News that bid documentation is finally being prepared for the so-called emergency procurement of 2 000 MW of electricity generation from independent power producers (IPPs) is incredibly ironic. For... 


A renewables stimulus
A renewables stimulus
29th May 2020 By: Terence Creamer

There are several stimulus levers that South Africa will consider pulling to extricate itself from what is far more likely to be a serious depression than a fleeting recession. One of these stands... 


Disturbingly misguided
Disturbingly misguided
22nd May 2020 By: Terence Creamer

Being able to participate, virtually, in several of the parliamentary committee meetings that have taken place during May has been a combination of interesting, frustrating and downright scary.... 


Department of wasted energy?
Department of wasted energy?
15th May 2020 By: Terence Creamer

Many acerbic comments have been made about the folly of government pursuing a strategy to build a ‘new’ national carrier from the carcass of the old South African Airways (SAA). It did not take... 


World in (green) union?
World in (green) union?
8th May 2020 By: Terence Creamer

In a speech to the Petersberg Climate Dialogue, held by video conference this year owing to the ongoing threat of the Covid-19 virus, International Monetary Fund (IMF) MD Kristalina Georgieva said... 


Here to Stay
Here to Stay
1st May 2020 By: Terence Creamer

During a recent interview with Stephen Sackur, the presenter of BBC HARDtalk, World Health Organisation special envoy for Covid-19 Dr David Nabarro made it painfully clear that humanity will be... 


Steepening the economic curve
Steepening the economic curve
24th April 2020 By: Terence Creamer

Thanks to the chairperson of the Ministerial Advisory Group on Covid-19, Professor Salim Abdool Karim, South Africans have some insight into the likely shape of the coronavirus pandemic curve. The... 


Clean energy as a post-Covid-19 stimulus
Clean energy as a post-Covid-19 stimulus
17th April 2020 By: Terence Creamer

With Covid-19 and climate change arguably posing the greatest existential threats to this generation, as well as future generations, calls are strengthening for economic stimulus measures adopted... 


Working during  a pandemic
Working during a pandemic
10th April 2020 By: Terence Creamer

Flattening the curve, as Harvard Kennedy School’s Ricardo Hausmann pointed out in a recent presentation, means that there will be fewer cases of Covid-19 at any point in time. This prevents the... 


Virtue of necessity
Virtue of necessity
3rd April 2020 By: Terence Creamer

This 21-day lockdown is quite obviously a solution that has been cooked up for a very different context to the one prevailing in South Africa. It is surely best suited to a setting where all... 


New ways of thinking and acting
New ways of thinking and acting
27th March 2020 By: Terence Creamer

Planning, coordination and cooperation have to become our watchwords as we seek to respond to the Covid-19 health emergency and the economic impacts thereof. Acting decisively is vitally important,... 


Be prepared
Be prepared
20th March 2020 By: Terence Creamer

There was much excitement at the start of 2018 about the prospect of a growth tailwind, following Cyril Ramaphosa’s election as African National Congress (ANC) president, and later Head of State.... 


Worrying developments
Worrying developments
13th March 2020 By: Terence Creamer

It is almost impossible to overstate the scale of the gas discoveries that have been made in the Rovuma basin of northern Mozambique since 2010. With yet more exploration planned, some 150-trillion... 


Implementation risks
Implementation risks
6th March 2020 By: Terence Creamer

It is difficult to remember a time when economists and commentators were so off the mark when making forecasts about what a Finance Minister would announce in his Budget as they were for Finance... 


Energy B-HAG
Energy B-HAG
28th February 2020 By: Terence Creamer

In light of President Cyril Ramaphosa’s announcement that measures will be taken in the coming months to fundamentally change the trajectory of energy generation and procurement, it is surely... 


Out of step
Out of step
21st February 2020 By: Terence Creamer

There were indications already at the World Economic Forum in Davos, Switzerland, that South Africa was out of step with the main themes occupying the minds of most global government and business... 


Walter Mitty Syndrome
Walter Mitty Syndrome
14th February 2020 By: Terence Creamer

The South African government would not be able to build an emergency hospital in ten days, let alone an emergency power station. For evidence, look no further than the horribly overpriced and... 


In need of a quick win
In need of a quick win
7th February 2020 By: Terence Creamer

Any rational observer of the South African condition, will probably have grudgingly come to accept that it’s going to take a significant amount of time to turn around the performance not only of... 


The stuff of nightmares
The stuff of nightmares
31st January 2020 By: Terence Creamer

For those who have resolved to make 2020 the year they start prioritising a good night’s sleep, it would not be advisable to make bedtime reading of the Council for Scientific and Industrial... 


End of the beginning
End of the beginning
24th January 2020 By: Terence Creamer

South Africans may be divided on many issues, but on the fact that inadequate electricity supply represents the main risk to the country’s economy, there is undeniable unity. Ongoing disagreement... 


Time to act
Time to act
17th January 2020 By: Terence Creamer

The return of load-shedding, together with what is a truly dire prognosis for system stability, should surely have been the wake-up call government required to finally begin implementing its very... 


Road trip to the ʼ20s
Road trip to the ʼ20s
13th December 2019 By: Terence Creamer

As we approach the onramp to the 2020’s, the car-wreck of South Africa’s ‘lost decade’ looms large in the rear-view mirror. The confidence boost provided by the successful hosting of the FIFA World... 


Huge risk, no urgency
Huge risk, no urgency
6th December 2019 By: Terence Creamer

The risk posed by Eskom to the fiscus is surpassed only by the risk posed by ongoing electricity shortages to the economy and South Africa’s growth prospects. The South African Reserve Bank has... 


Time to get real about Eskom coal fleet
Time to get real about Eskom coal fleet
29th November 2019 By: Terence Creamer

Opinion may be divided on the appointment of Andre de Ruyter as Eskom’s new CEO, but on one point it’s overwhelmingly united: there will be no honeymoon period. The attitude of citizens towards... 


Mobilise private finance
Mobilise private finance
22nd November 2019 By: Terence Creamer

One of the key messages in the International Energy Agency’s (IEA’s) Africa Energy Outlook 2019 report is that neither State budgets nor development finance will be sufficient to fund the... 


Crunch time
Crunch time
15th November 2019 By: Terence Creamer

South Africans are painfully aware of the negative consequences of power shortages. The menace of load-shedding has hung over the country’s economy like a pall for more than ten years.... 


Backsliding
Backsliding
8th November 2019 By: Terence Creamer

The problems with the way the World Bank’s yearly ‘Ease of Doing Business Ranking’ is compiled are well documented. Nevertheless, the ranking has become something of a touchstone for those seeking... 


Urgent Concurrence
Urgent Concurrence
1st November 2019 By: Terence Creamer

The very last column in the Integrated Resource Plan 2019 (IRP 2019) table is certain to attract much attention, for the immediate future anyway. The column bears the unglamorous heading of... 


Power struggle
Power struggle
25th October 2019 By: Terence Creamer

State-owned electricity utility Eskom confirmed earlier this month that it would be taking the Energy Regulator’s most recent tariff determination on legal review and would also be applying for... 


Necessary, but insufficient
Necessary, but insufficient
22nd October 2019 By: Terence Creamer

“The African Continental Free Trade Agreement (AfCFTA) will be a game-changer, both for South Africa and the rest of the continent,” President Cyril Ramaphosa wrote in his October 7 letter to the... 


Necessary, but insufficient
Necessary, but insufficient
18th October 2019 By: Terence Creamer

“The African Continental Free Trade Agreement (AfCFTA) will be a game-changer, both for South Africa and the rest of the continent,” President Cyril Ramaphosa wrote in his October 7 letter to the... 


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