Daily Archives: August 3, 2018

Load shedding a possibility this weekend

The probability of load shedding is high this weekend, as recovery of the power system is set to take approximately 30 days, Eskom said on Friday.

The power system remains constrained with a risk of loads shedding today. The load shedding risk will increase over the weekend as we restore power plants and build up reserves for the coming week, said the power utility.

Eskom this week engaged its three unions, namely Solidarity, the National Union of Mineworkers (NUM) and the National Union of Metalworkers of South Africa (NUMSA), on wage negotiations under the auspices of the Commission for Conciliation, Mediation and Arbitration (CCMA).

In its statement on Friday, Eskom said the unions have committed to assisting with normalising the operations.

They have dispatched a team to various sites and most sites are returning to normality. Employees are encouraged to report back to work. The parties will formally sign the agreement on 8 August 2018, after engaging their members, as discussed during the mediation process at the CCMA.

In addition, the power utility’s prognosis is that the power system will take up to approximately 30 days to recover from the effects of the recent industrial action which interrupted continuous processes at the power stations.

During the 30-day recovery period, the risk of load shedding remains high.

Recovery teams will focus on stabilising the power system and to return our generation plant as quick as possible. Operational processes now have to be cleared out and re-started which would take additional time. These include:

Coal and diesel management

Power plant restart and maintenance

Environmental compliance and ash management

An improvement in generation and operational performance can only increase and be achieved with the return of employees.

Meanwhile, we continue to encourage residents and businesses to please use electricity sparingly to ease the demand of electricity. Please switch off geysers as well as all non-essential lighting and electricity appliances to assist in reducing demand, said Eskom.

Source: South African Government News Agency

Load shedding a possibility this weekend

The probability of load shedding is high this weekend, as recovery of the power system is set to take approximately 30 days, Eskom said on Friday.

The power system remains constrained with a risk of loads shedding today. The load shedding risk will increase over the weekend as we restore power plants and build up reserves for the coming week, said the power utility.

Eskom this week engaged its three unions, namely Solidarity, the National Union of Mineworkers (NUM) and the National Union of Metalworkers of South Africa (NUMSA), on wage negotiations under the auspices of the Commission for Conciliation, Mediation and Arbitration (CCMA).

In its statement on Friday, Eskom said the unions have committed to assisting with normalising the operations.

They have dispatched a team to various sites and most sites are returning to normality. Employees are encouraged to report back to work. The parties will formally sign the agreement on 8 August 2018, after engaging their members, as discussed during the mediation process at the CCMA.

In addition, the power utility’s prognosis is that the power system will take up to approximately 30 days to recover from the effects of the recent industrial action which interrupted continuous processes at the power stations.

During the 30-day recovery period, the risk of load shedding remains high.

Recovery teams will focus on stabilising the power system and to return our generation plant as quick as possible. Operational processes now have to be cleared out and re-started which would take additional time. These include:

Coal and diesel management

Power plant restart and maintenance

Environmental compliance and ash management

An improvement in generation and operational performance can only increase and be achieved with the return of employees.

Meanwhile, we continue to encourage residents and businesses to please use electricity sparingly to ease the demand of electricity. Please switch off geysers as well as all non-essential lighting and electricity appliances to assist in reducing demand, said Eskom.

Source: South African Government News Agency

Placement of Gauteng pupils underway

The placement of pupils in Grade 1 and Grade 8, who applied for 2019 admissions with the Gauteng Department of Education (GDE), is now underway.

In a statement on Friday, the department confirmed that as of 3 August 2018, it started placing pupils in school.

This means all parents who applied for the 2019 admissions for Grade 1 and Grade 8 during the application period (16 April 2018 to 28 May 2018) will receive offers of placement via SMS.

Parents must visit our website www.gdeadmissions.gov.za to accept or reject the offer of placement within seven working days, said the GDE.

In the event of lost login credentials, such as username and password, the department urged parents to contact its call centre on 0800 000 789 or visit the nearest district office.

Failure to respond to the offer of placement will result in the forfeiture of the offer to the next applicant on the waiting list. Parents with pending status on the system are requested to be patient as offers will be issued throughout the placement period, said the department.

Parents who failed to submit the required documents to the schools during the allocated timeframe of 16 April 2018 to 5 June 2018 have been given another chance to submit their applications.

Parents are requested to submit documents at District Offices from Monday, 10 September to Friday, 14 September 2018. These applicants and all those who could not be placed by schools due to capacity will be placed by districts, said the GDE.

According to the department, it plans to place all Grade 1 and 8 learners for the 2019 academic year by 31 October 2018.

Source: South African Government News Agency

Financial literacy key to growing economy

The long-term success of financial service providers lies in consumers understanding of the financial products they offer, says Finance Deputy Minister Mondli Gungubele.

Their long-term success lies in the clarity of the clients they are serving. There are always costs in dealing with a client who lacks clarity, said the Deputy Minister.

Gungubele was addressing the launch of the Money Smart Week initiative at the Financial Sector Conduct Authority (FSCA) premises in Pretoria on Friday.

Championed by National Treasury, with the Minister of Finance (Nhlanhla Nene) as its patron, the Money Smart Week South Africa (MSWSA) initiative is a public awareness campaign aimed at bringing financial education and literacy to people at grass roots level. This will be done through bringing informed financial advice from qualified professionals to the people.

The objective of the MSWSA, which will run from 8 -12 October, is to enable South Africans to take control of their finances and safe guard their future.

Gungubele said it is important to promote clarity between clients and service providers so that consumers do not end up taking decisions in the dark.

This is a major contribution, he said of the initiative, adding that it is vital to also train service providers to know that their long term successes lies in the service of an educated client.

Planned activities

Planned activities for the MSWSA include free educational workshops, talks at community centres, exhibitions, as well as information hubs being set up at petrol stations and malls, among others.

The initiative has chosen Gauteng as its pilot province, with the focus on four main areas namely Mamelodi, Alexandra, Tembisa and Soweto. The province has been chosen as the pilot, given the fact that it’s the most densely populated province and is home to South Africa’s financial hub.

Boosting the economy

Gungubele said South Africans need clarity on the financial sector because bigger numbers of people are going to participate in the economy through entrepreneurship.

He said understanding the financial sector will help business thrive and boost the economy.

It will boost our economy and increase participation in our economy, and businesses will thrive Once our people are clear about [finances and the relationships that protect it], they [have the] boldness and confidence to invest because they believe the possibility of returns. That can only come from clarity, said the Deputy Minister.

The initiative follows the February 2018 Budget Review that placed emphasis on building a financial services sector that serves all South Africans. At the time, the document stated that the MSWSA initiative will be piloted to help South Africans to make sound financial decisions.

Also speaking at the launch, the FSCA’s consumer education head of department, Lyndwill Clarke, said the idea for starting the initiative began over a year ago, as statistics had shown that consumers are battling to save.

The ability to save has taken a dip, he said.

It is envisaged that the initiative will become a national event taking place on an annual basis.

Launched in April by Minister Nene, the FSCA replaced the Financial Services Board and will supervise how financial institutions conduct their business and treat customers.

The launch of the supervisory body follows South Africa’s new Twin Peaks system of financial regulation, bringing to fruition a regulatory reform announced in 2011.

Source: South African Government News Agency