Tag: Poverty

BusinessEnergyTechnology

South Africa’s Eskom Accelerates Grid Modernization to Eliminate Power Reductions by 2027

South Africa’s state-owned utility Eskom is intensifying efforts to eliminate load reduction by 2027 as grid stability improves. The comprehensive strategy includes expanding free basic electricity, accelerating smart meter installations, and deploying distributed energy resources across high-risk areas.

Eskom’s Comprehensive Strategy to End Load Reduction

South Africa’s state-owned power utility Eskom is reportedly bolstering efforts to eliminate load reduction entirely by 2027, according to recent announcements. The utility’s Load Reduction Elimination Strategy, launched by Electricity and Energy Minister Dr Kgosientsho Ramokgopa on September 25, establishes a detailed roadmap to strengthen the country’s distribution network and address electricity challenges in high-risk areas.

by Marcus Linfield
BusinessPolicy

Betfred Warns of Potential Nationwide Shop Closures Amid Gambling Tax Hike Proposals

Betfred’s owner has warned that proposed gambling tax increases could make the entire retail business unprofitable, potentially leading to the closure of all High Street shops. The warning comes as rival firms announce similar retail reductions amid growing pressure on the gambling industry.

Industry Warns of Widespread Shop Closures

Betfred has reportedly joined other major gambling operators in warning that proposed tax increases on the industry could force the closure of all its High Street shops, according to recent statements from company leadership. Sources indicate that the gambling sector is facing mounting pressure as former Prime Minister Gordon Brown advocates for higher taxes to fund child poverty reduction initiatives.

by Marcus Linfield