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South Africa’s power utility Eskom continues relying heavily on diesel-powered generation despite dramatically reduced loadshedding. The open-cycle gas turbines produced over 1,000 gigawatt-hours in the first half of 2025/26, costing substantially more than coal-based electricity generation.
Despite experiencing just four days of rolling blackouts during the first half of the 2025/26 financial year, South Africa’s power utility Eskom reportedly generated more than 1,000 gigawatt-hours of electricity using its diesel-powered open-cycle gas turbines, according to recent reports. This continued reliance on expensive generation methods comes even as the utility has made significant progress in reducing loadshedding compared to previous years.
In a significant European insurance sector consolidation, Vienna Insurance Group has reportedly reached an agreement to acquire German insurer Nuernberger. The deal, valued at approximately $1.6 billion, marks one of the largest insurance mergers in recent European markets.
Austria’s Vienna Insurance Group (VIG) has reportedly agreed to acquire German rival Nuernberger for approximately $1.6 billion, according to reports from Bloomberg L.P. coverage. The deal represents one of the most significant consolidations in the European insurance sector this year, with sources indicating it could reshape competitive dynamics in Central European markets.