COMMENTS ON ESKOM REVENUE APPLICATION MULTI-YEAR PRICE DETERMINATION 3 PRESENTED BY MR. DENNIS GOLDMAN

Size: px
Start display at page:

Download "COMMENTS ON ESKOM REVENUE APPLICATION MULTI-YEAR PRICE DETERMINATION 3 PRESENTED BY MR. DENNIS GOLDMAN"

Transcription

1

2 COMMENTS ON ESKOM REVENUE APPLICATION MULTI-YEAR PRICE DETERMINATION 3 PRESENTED BY MR. DENNIS GOLDMAN CONTACT SAPOA: TEL: WEB:

3 AGENDA 1. Who is SAPOA 2. Tariff structures 3. Large consumers 4. Fiscal drag 5. Accountability and transparency 6. Economic impact

4 WHO IS SAPOA? SAPOA was established in 1966 by South African s property investment organizations, to bring together all role players in the commercial property field and to create a powerful platform for property investors. As SAPOA s members control approximately 90% of all commercial, retail and industrial property in South Africa, SAPOA is recognized as the representative body and OFFICIAL voice of the property industry in this country

5 SAPOA has a strong national footprint and operates in several regions including Gauteng, Western Cape, Kwazulu Natal and Limpopo. The commercial component of the property industry represents 8-10% of the total energy consumption in South Africa. The escalating electricity increases have placed and continues to place enormous pressure on the commercial industry, on property owners and their tenants alike.

6 PROPERTY STATISTICS South African commercial property market Retail Office Industrial Total GLA m 2 million Average base rent (excluding recoveries) R/m 2 /month Average gross rent (including recoveries) R/m 2 /month Average operating costs R/m 2 /month Average electricity costs R/m 2 /month Vacancy 5,7% 15.0% 4.1% Electricity costs are already a significant portion of the cost of occupancy for a tenant and continues to escalate. This places both the tenant and landlord at risk.

7 PROPERTY STATISTICS (cont) Although the commercial sector s power consumption is approximately 8% - 10% of Eskom s generated capacity the number of people who would be directly and indirectly effected by failure of businesses in the property industry is conservatively between 3-5 million (based on 1 employee per 10 sqm)

8 TARIFF STRUCTURES We believe that NERSA s evaluation of ESKOM s price increases and the Municipalities price increase requests are not mutually exclusive. Government needs to revisit the concept of rationalised electricity tariffs which failed because the municipalities would not disclose their cross subsidisation policies. The practice of funding other services from electricity revenues should be made illegal. The following slide quite clearly highlights the problem.

9 TARIFF STRUCTURES (cont) HAS ANYTHING CHANGED? An excerpt from a report on tariffs published by National Treasury in 2003 is summarised below. Many of the problems are still evident: The number of distributing electricity municipalities is high. NERSA s approach to regulating municipal distributors has been to attempt to rationalise tariff structures and reduce the disparities in price levels. NERSA has not been able to investigate municipal costs. The finances of local authority distributors are not ring-fenced from other municipal costs and significant revenue shifting is thought to occur. NERSA has attempted to: 1. Harmonise price levels for distributors that are within the same size class. 2. To converge the price levels of distributors that will fall within the same proposed regional electricity distributor (RED). 3. The local authority distributors are subject to regulation by comparison. Currently, 60% of the 177 municipalities supplying electricity have illegal tariffs (not formally approved by NERSA).

10 TARIFF STRUCTURES (cont) There is a definite need for simplification and standardisation of tariffs in respect of Eskom and the municipalities. When assessing applications it is advisable that NERSA carefully considers the percentage increase in each tariff category as well as the percentage increase in fixed charges as the average percentage increase often conceals the true impact on the consumer.

11 TARIFF STRUCTURES (cont) The extract below illustrates the true increases experienced by both Eskom and municipal consumers:

12 TYPICAL WINTER MONTH TARIFFS 2012/13 City of Cape town Durban Ekurhuleni Polokwane Pretoria Mogale City City power Bloemfontein Eskom Pick N Pay Family R 94, R 116, R 123, R 76, R 87, R 86, R 146, R 159, R 93, Spur Family Restaurant R 33, R 39, R 41, R 26, R 29, R 30, R 51, R 54, R 33, Masion Costa Hair R 2, R 1, R 3, R 2, R 4, R 2, R 3, R 2, R 2, SA Biltong R R R R R 1, R R 1, R R 1, Total for building A = R 130, R 158, R 170, R 106, R 122, R 120, R 203, R 217, R 131, Municipality LV R 133, R 159, R 168, R 108, R 122, R 120, R 205, R 220, R 131, Municipality HV R 150, R 144, R 165, R 108, R 137, R 123, R 197, R 201, R 116,834.82

13 TARIFF STRUCTURES (cont)

14 TARIFF STRUCTURES (cont)

15 TARIFF STRUCTURES (cont)

16 TARIFF STRUCTURES (cont) TOU will assist in sending the correct pricing signals, shifting load and reducing demand. Property owners and indeed even municipalities do not have the infrastructure or budget to implement TOU downstream and these constraints must be borne in mind when approving tariffs.

17 TARIFF STRUCTURES (cont) SAPOA supports the policy of cross-subsidisation of electricity consumers in particular the poor in South Africa. However, this policy should not unfairly discriminate against certain categories of users. To guard against this, NERSA should again interrogate the percentage increase in each consumer and in each tariff category.

18 TARIFF STRUCTURES (cont) SAPOA members and other property owners manage the downstream distribution of electricity from the bulk supply to the property to the end consumers in such a property. This is a microcosm of the Eskom and municipal distribution to consumers. We believe that property owners should be entitled to apply for the same tariff as if they were fed directly from Eskom or the relevant municipality with a reasonable markup to cover distribution costs. These would vary from area to area. The property owner has to manage and maintain the metering infrastructure to recover energy costs.

19 TARIFF STRUCTURES (cont) Management costs include: Billing and accounting systems Credit control Management systems Human resources Technical infrastructure development Maintenance on the reticulation Technical losses

20 TARIFF STRUCTURES (cont) What may be charged to the end-consumer is governed by the applicable by-laws. An endconsumer must be in the same position had he purchased the electricity from Eskom or the local authority. In recent years the bulk tariff has increased at a much higher rate than end-consumer tariffs. A property owner s ability to recover the management costs are as a result under severe strain.

21 LARGE CONSUMERS SAPOA supports the Energy Conservation Scheme and would urge for it to be implemented. SAPOA believes it is in the national interest that contracts such as the one concluded with BHP be challenged.

22 FISCAL DRAG In MYPD3, Eskom states that it considered amending the period for which the tariff increases apply so that the period is aligned with the financial periods of the municipalities who are not able to amend theirs due to the MFMA. Eskom then concludes that it cannot pursue it as it would mean a higher increase for its direct consumers who would then have to carry a 12 month increase in a 9 month period.

23 FISCAL DRAG (cont) We accept that there will be a negative impact on Eskom s direct consumers, but when weighed against the number of consumers served by the municipalities who are negatively impacted each year because of the misalignment it seems appropriate that Eskom aligns with the municipal financial periods and does so as soon as possible to minimise the impact on its direct consumers.

24 ACCOUNTABILITY AND TRANSPARENCY Accountability and transparency at Eskom and municipal level is imperative. Financial and technical audits and analyses are required to ensure that funding generated through tariffs are applied as stipulated. Energy costs, particularly at municipal level, must be ringfenced. Income derived from electricity must not be used to mask inefficiencies in management.

25 ECONOMIC IMPACT The continuing rising electricity costs are placing the commercial industry under severe pressure which in turn places the economy and job creation at risk. Property owners are impacted by the rising costs of bulk supply and tenants are battling to absorb the ever-climbing cost of occupancy.

26 ECONOMIC IMPACT (cont) SAPOA accepts that Eskom requires an increase to sustain its operations and fund its debt. However, the percentage increase approved by NERSA with MYPD3 must be as low as possible as it has a direct impact on what municipalities apply for. In view of the fact that the alternative energy sources only contribute approximately 1.5% of the total generated capacity we believe that the 3% included in the 16% should be delayed.

27 ECONOMIC IMPACT (cont) Average retail tenant s cost of occupancy Base rent Other operating costs Electricity costs

28 ECONOMIC IMPACT TYPICAL RETAILER 1.50 Electricity Cost as % of Turnover Electricity Feb-08 Feb-09 Feb-10 Feb-11 Feb-12

29 ECONOMIC IMPACT (cont) After optimising its business and introducing energy management practices the retailer s only option is to increase the price of its goods. Downstream the end consumer suffers.

30 ECONOMIC IMPACT (cont) The escalating electricity costs places downward pressure on rentals. Landlords are not able to achieve good growth in rentals. Conversely, electricity continues to rise steeply. This is not sustainable and will see many in the industry go out of business, placing the economy at risk.

31 ECONOMIC IMPACT (cont) Retailers Office tenants Rent Electricity % of Rent Rent Electricity % of Rent R R R R Year 1 R R % Year 1 R R % Year 2 R R % Year 2 R R % Year 3 R R % Year 3 R R % Year 4 R R % Year 4 R R % Year 5 R R % Year 5 R R % Escalation % 8% 16% Escalation % 8% 16%

32 ECONOMIC IMPACT (cont)

33 IN CONCLUSION We support the need for an increase but believe it should be limited to 13%. NERSA should be empowered to interrogate and regulate tariffs and hold the relevant players accountable. The Eskom and municipal increases have had a negative impact on consumers across the board therefore the requested increases must at all times be weighed and balanced against the impact on the people of South Africa.

34 QUESTIONS

MUNICIPAL TARIFF DETERMINATION PROCESS PRESENTATION TO PPC ON ENERGY 24 MAY 2013

MUNICIPAL TARIFF DETERMINATION PROCESS PRESENTATION TO PPC ON ENERGY 24 MAY 2013 MUNICIPAL TARIFF DETERMINATION PROCESS PRESENTATION TO PPC ON ENERGY 24 MAY 2013 1 1. Purpose and mandate 2. The tariff approval process and information requirements 3. Municipal Tariff Guideline and financial

More information

Electricity. Introduction. Institutional arrangements

Electricity. Introduction. Institutional arrangements Electricity 11 Introduction The electricity, gas and water sectors contribute around 2 per cent of South Africa s GDP. The social and economic role that electricity plays accordingly places it at the epicentre

More information

Presentation Outline. Legislative and Policy Update. RED Business Model. RED Future Model. Funding Support. Conclusion. Slide 2

Presentation Outline. Legislative and Policy Update. RED Business Model. RED Future Model. Funding Support. Conclusion. Slide 2 EDI RESTRUCTURING PRESENTATION To AMEU RESTRUCTURING COMMITTEE By NIGEL WATERS Regional General Manager: REDs THREE and FIVE 28 June 2007 Presentation Outline Legislative and Policy Update RED Business

More information

Property Development: Comparison of Municipal Services Costs: REPORT 2013

Property Development: Comparison of Municipal Services Costs: REPORT 2013 Property Development: Comparison of Municipal Services Costs: REPORT 2013 Disclaimer With reference to the contents within this document, the Gauteng Growth and Development Agency (GGDA), the South African

More information

Electricity. Introduction

Electricity. Introduction 12 Electricity Introduction The electricity sector plays a key role in both economic and social development. Together with housing and water, Government has prioritised the provision of electricity to

More information

Operational perspective on the Electricity Distribution Industry (EDI) turnaround

Operational perspective on the Electricity Distribution Industry (EDI) turnaround 2008 Electricity Distribution Maintenance Summit Day 1: 9 June 2008 Operational perspective on the Electricity Distribution Industry (EDI) turnaround by Dr Willie de Beer, Chief Operations Officer, EDI

More information

South African Distribution Code

South African Distribution Code South African Distribution Code Glossary and Definitions Version 6.0 July 2014 This document is approved by the National Energy Regulator of South Africa (NERSA) Issued by: RSA Grid Code Secretariat Contact:

More information

www.ncpc.co.za Industrial Symbiosis Programme

www.ncpc.co.za Industrial Symbiosis Programme www.ncpc.co.za Industrial Symbiosis Programme Industrial Symbiosis Programme Connecting industry, creating opportunity The NCPC-SA, as the national resource efficiency programme of the dti, is the custodian

More information

Nelson Mandela Bay Business Chamber NERSA Consultation MYPD3. Presenters: A. Clark / B. van Vuuren 5 February 2013

Nelson Mandela Bay Business Chamber NERSA Consultation MYPD3. Presenters: A. Clark / B. van Vuuren 5 February 2013 Nelson Mandela Bay Business Chamber NERSA Consultation MYPD3 Presenters: A. Clark / B. van Vuuren 5 February 2013 Contents Introduction Overview Nelson Mandela Bay Business Concerns Cost Implications,

More information

REVISED CONSUMPTIVE TARIFFS, RATES AND BASIC CHARGES FOR ELECTRICITY SERVICES, WATER AND SANITATION SERVICES AND SOLID WASTE MANAGEMENT SERVICES

REVISED CONSUMPTIVE TARIFFS, RATES AND BASIC CHARGES FOR ELECTRICITY SERVICES, WATER AND SANITATION SERVICES AND SOLID WASTE MANAGEMENT SERVICES ANNEXURE 4 REVISED CONSUMPTIVE TARIFFS, RATES AND BASIC CHARGES FOR ELECTRICITY SERVICES, WATER AND SANITATION SERVICES AND SOLID WASTE MANAGEMENT SERVICES 1. ELECTRICITY 1.1 General The proposed revisions

More information

Electricity generated and available for distribution (Preliminary) July 2014. Embargoed until: 4 September 2014 13:00

Electricity generated and available for distribution (Preliminary) July 2014. Embargoed until: 4 September 2014 13:00 Statistical release P4141 Electricity generated available for distribution (Preliminary) July 2014 Embargoed until: 4 September 2014 13:00 Enquiries: Forthcoming issue: Expected release date: User Information

More information

R T M C. Ref No: Enquiries: Tel: Fax: E-mail: 13/2R P H Plaatjies 012 999 5296 086 695 2952 PaulusP@rtmc.co.za TRAFFIC OFFICER S CAREER INFORMATION

R T M C. Ref No: Enquiries: Tel: Fax: E-mail: 13/2R P H Plaatjies 012 999 5296 086 695 2952 PaulusP@rtmc.co.za TRAFFIC OFFICER S CAREER INFORMATION R T M C Ref No: Enquiries: Tel: Fax: E-mail: 13/2R P H Plaatjies 012 999 5296 086 695 2952 PaulusP@rtmc.co.za TRAFFIC OFFICER S CAREER INFORMATION 1. WHY IS THE CAREER OF TRAFFIC OFFICER S SO IMPORTANT?

More information

ANNUAL RESULTS for the year ended 30 June 2015

ANNUAL RESULTS for the year ended 30 June 2015 ANNUAL RESULTS for the year ended 30 June 2015 STRATEGIC & OPERATIONAL OVERVIEW Hyde Park Corner, Johannesburg, Gauteng 2 1 FINANCIAL HIGHLIGHTS 30 June 2015 30 June 2014 Change Distribution 543,0 cps

More information

Electricity Price Comparison. Namibia Manufacturers Association (NMA)

Electricity Price Comparison. Namibia Manufacturers Association (NMA) Electricity Price Comparison December 2012 Submitted to: Namibia Manufacturers Association (NMA) P O Box 20810 Windhoek Namibia Tel +264 (0)61 233206 Fax +264 (0)61 233360 Submitted by: EMCON (Pty) Ltd

More information

LONG-TERM FINANCIAL PLAN POLICY. Budgets FINANCE DEPARTMENT. City of Cape Town

LONG-TERM FINANCIAL PLAN POLICY. Budgets FINANCE DEPARTMENT. City of Cape Town ANNEXURE 14 LONG-TERM FINANCIAL PLAN POLICY Budgets FINANCE DEPARTMENT City of Cape Town 1 TABLE OF CONTENTS 1. DEFINITIONS AND ABBREVIATIONS... 3 2. INTRODUCTION... 4 3. PROBLEM STATEMENT... 4 4. PURPOSE...

More information

NEREN RAU SACCI CEO JANUARY

NEREN RAU SACCI CEO JANUARY MYPD 3 Presentation NEREN RAU SACCI CEO JANUARY 2013 Presentation Overview SACCI Eskom Consultations in 2012 SACCI Proposals SACCI Member Perspectives Economic Impact of Tariff Increase at 16% and 10%

More information

mscoa Project Phase 4: Port Elizabeth 25 & 26 February 2015

mscoa Project Phase 4: Port Elizabeth 25 & 26 February 2015 mscoa Project Phase 4: Port Elizabeth 25 & 26 February 2015 mscoa Project Phase 4: Training, Transition and Change Management EXTERNAL ENGAGEMENT INTERNAL ENGAGEMENT mscoa PROJECT PHASE 4 PLAN WORK STREAM

More information

Department of Energy South Africa

Department of Energy South Africa Department of Energy South Africa Policy to support the Energy Efficiency and Demand Side Management Program for the Electricity Sector through the Standard Offer Incentive Scheme 20 May 2010 1 TABLE OF

More information

Presentation to the Municipal Managers Forum Technical Support to improve revenue and debt management

Presentation to the Municipal Managers Forum Technical Support to improve revenue and debt management Presentation to the Municipal Managers Forum Technical Support to improve revenue and debt management Presenter: Sadesh Ramjathan - Local Government Budget Analysis - 23 August 2013 That the WHOLE local

More information

Clean Energy Council submission to Queensland Competition Authority Regulated Retail Electricity Prices for 2014-15 Interim Consultation Paper

Clean Energy Council submission to Queensland Competition Authority Regulated Retail Electricity Prices for 2014-15 Interim Consultation Paper Clean Energy Council submission to Queensland Competition Authority Regulated Retail Electricity Prices for 2014-15 Interim Consultation Paper Executive Summary The Clean Energy Council (CEC) supports

More information

CHAPTER 5: FINANCIAL PLAN

CHAPTER 5: FINANCIAL PLAN CHAPTER 5: FINANCIAL PLAN 5.1 INTRODUCTION On 1 March 2006, the electorate in the City of Tshwane reinstated a majority African National Congress (ANC) Council that confirmed the vital importance of the

More information

Municipal Clean Audit Efficiency Series Effective Cash Management

Municipal Clean Audit Efficiency Series Effective Cash Management Municipal Clean Audit Efficiency Series Effective Cash Management Introduction The fi nancial performance of the South African local government has recently come under signifi cant scrutiny. This has led

More information

Infrastructure Development Funding and Financing

Infrastructure Development Funding and Financing Infrastructure Development Funding and Financing 09 December 2013 2 Presentation outline 1. Role of infrastructure development 2. Public sector infrastructure investment 3. Funding options i. Recent airport

More information

PAGEi EXECUTIVE SUMMARY INTRODUCTION

PAGEi EXECUTIVE SUMMARY INTRODUCTION EXECUTIVE SUMMARY INTRODUCTION Poor cost recovery from water supply schemes in developing areas is often quoted as being one of the major stumbling blocks to the longer term sustainability of these systems.

More information

NATIONAL DEPARTMENT OF SOCIAL DEVELOPMENT SCHOLARSHIP FOR SOCIAL WORK

NATIONAL DEPARTMENT OF SOCIAL DEVELOPMENT SCHOLARSHIP FOR SOCIAL WORK NATIONAL DEPARTMENT OF SOCIAL DEVELOPMENT SCHOLARSHIP FOR SOCIAL WORK STUDENT GUIDE 2016 NATIONAL DEPARTMENT OF SOCIAL DEVELOPMENT SOCIAL WORK SCHOLARSHIP As part of the recruitment and retention strategy

More information

Queensland s Unsustainable Electricity Pricing Methodology

Queensland s Unsustainable Electricity Pricing Methodology Queensland s Unsustainable Electricity Pricing Methodology Submission to the QCA and Queensland Government in relation to the 2011-12 BRCI Electricity Price Determination 10 February 2011 Page 1 of 12

More information

DISCLOSURE OF ELECTRICITY PRICING METHODOLOGY PURSUANT TO REQUIREMENT 22 OF THE ELECTRICITY INFORMATION DISCLOSURE REQUIREMENTS 2004

DISCLOSURE OF ELECTRICITY PRICING METHODOLOGY PURSUANT TO REQUIREMENT 22 OF THE ELECTRICITY INFORMATION DISCLOSURE REQUIREMENTS 2004 DISCLOSURE OF ELECTRICITY PRICING METHODOLOGY PURSUANT TO REQUIREMENT 22 OF THE ELECTRICITY INFORMATION DISCLOSURE REQUIREMENTS 2004 Effective 1 April 2010 TABLE OF CONTENTS 1 INTRODUCTION... 1 2 DESCRIPTION

More information

Statistical release P0141

Statistical release P0141 Statistical release Consumer Price Index January 2009 Embargoed until: 25 February 2009 11:30 Enquiries: Forthcoming issue: Expected release date User information services February 2009 25 March 2009 Tel:

More information

UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2015

UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2015 WESCOAL HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 2005/006913/06) Share code: WSL ISIN: ZAE000069639 ( Wescoal or "the Company") UNAUDITED CONDENSED CONSOLIDATED

More information

LONG TERM FINANCIAL PLAN FOR THE 5 YEAR PERIOD 1 JULY 2014 30 JUNE 2019

LONG TERM FINANCIAL PLAN FOR THE 5 YEAR PERIOD 1 JULY 2014 30 JUNE 2019 LONG TERM FINANCIAL PLAN FOR THE 5 YEAR PERIOD 1 JULY 2014 30 JUNE 2019 AUTHOR: STEFAN VORSTER DATE: 13 MARCH 2014 FILE NO: 5/1/B ITEM NUMBER: Table of Contents 1. Executive summary... 4 2. List of abbreviations

More information

Statistical release P0141

Statistical release P0141 Statistical release Consumer Price Index September 2009 Embargoed until: 28 October 2009 11:30 Enquiries: Forthcoming issue: Expected release date User information services October 2009 25 November 2009

More information

Rent Arrears Recovery Policy

Rent Arrears Recovery Policy Rent Arrears Recovery Policy 2013-16 July 2013 Version 1.0 Version Control Policy Author Version Number Date Status Comments Finance and Incomes Manager Draft 1.0 24 July 2013 New Approval Body Effective

More information

NOVEMBER KEVIN F. JURSINSKI, ESQ. COMMERCIAL LEASE NEWSLETTER PART I

NOVEMBER KEVIN F. JURSINSKI, ESQ. COMMERCIAL LEASE NEWSLETTER PART I NOVEMBER 2010 KEVIN F. JURSINSKI, ESQ. COMMERCIAL LEASE NEWSLETTER PART I NET LEASES AND COMMON AREA MAINTENANCE CHARGES: ISSUES FOR THE COMMERCIAL LANDLORD AND TENANT FUNDAMENTALS OF THE GROSS LEASE V.

More information

IN THE COMPETITION TRIBUNAL OF SOUTH AFRICA

IN THE COMPETITION TRIBUNAL OF SOUTH AFRICA IN THE COMPETITION TRIBUNAL OF SOUTH AFRICA In the merger between: CC CASE NO.: 2011DEC0429 KENILWORTH RACING (PTY) LTD Primary Acquiring Firm AND GOLD CIRCLE (PTY) LTD Primary Target Firm CC CASE NO.:

More information

NATIONAL DEPARTMENT OF SOCIAL DEVELOPMENT SCHOLARSHIP FOR SOCIAL WORK

NATIONAL DEPARTMENT OF SOCIAL DEVELOPMENT SCHOLARSHIP FOR SOCIAL WORK NATIONAL DEPARTMENT OF SOCIAL DEVELOPMENT SCHOLARSHIP FOR SOCIAL WORK STUDENT GUIDE 2016 NATIONAL DEPARTMENT OF SOCIAL DEVELOPMENT SOCIAL WORK SCHOLARSHIP As part of the recruitment and retention strategy

More information

A study into approaches to minimise the impact of electricity price increases on the poor

A study into approaches to minimise the impact of electricity price increases on the poor TRADE AND INDUSTRY CHAMBER FUND FOR RESEARCH INTO INDUSTRIAL DEVELOPMENT, GROWTH AND EQUITY (FRIDGE) A study into approaches to minimise the impact of electricity price increases on the poor Final Report

More information

Knowledge is power. Consumer Protection Act Series #1

Knowledge is power. Consumer Protection Act Series #1 www.pwc.com/za/retail-and-consumer Knowledge is power Consumer Protection Act Series #1 Make sure you don t get it wrong on consumer rights November 2010 In this issue: We provide an overview of the Consumer

More information

TECHNICAL REPORT ZA 2015. Energy. Potential for integration of distributed solar photovoltaic systems in Drakenstein municipality

TECHNICAL REPORT ZA 2015. Energy. Potential for integration of distributed solar photovoltaic systems in Drakenstein municipality TECHNICAL REPORT ZA 2015 Energy Potential for integration of distributed solar photovoltaic systems in Drakenstein municipality EXECUTIVE SUMMARY Using Drakenstein Municipality as a case study, this report

More information

THE ROLE OF DISTRIBUTED GENERATION IN ELECTRICITY SUPPLY IN AFRICA. Saliem Fakir & Tjaša Bole-Rentel Living Planet Unit WWF-SA South Africa

THE ROLE OF DISTRIBUTED GENERATION IN ELECTRICITY SUPPLY IN AFRICA. Saliem Fakir & Tjaša Bole-Rentel Living Planet Unit WWF-SA South Africa THE ROLE OF DISTRIBUTED GENERATION IN ELECTRICITY SUPPLY IN AFRICA Saliem Fakir & Tjaša Bole-Rentel Living Planet Unit WWF-SA South Africa Presentation outline Why do we need distributed generation? What

More information

The Eastern Cape The Free State Gauteng KwaZulu-Natal Limpopo Mpumalanga The Northern Cape North West The Western Cape

The Eastern Cape The Free State Gauteng KwaZulu-Natal Limpopo Mpumalanga The Northern Cape North West The Western Cape Geography and climate The nine provinces of South Africa South Africa has nine provinces, each with its own legislature, premier and executive council - and distinctive landscape, population, economy and

More information

Audit Advisory Tax. TAX SERVICES HIGHLIGHTING YOUR NEEDS Tax Consulting. The Leader for Exceptional Client Service

Audit Advisory Tax. TAX SERVICES HIGHLIGHTING YOUR NEEDS Tax Consulting. The Leader for Exceptional Client Service Audit Advisory Tax TAX SERVICES HIGHLIGHTING YOUR NEEDS Tax Consulting The Leader for Exceptional Client Service BDO IN SOUTH AFRICA PROVIDES AUDIT, ADVISORY AND TAX SERVICES TO A BROAD RANGE OF CLIENTS

More information

CLAIMS SERVICE LEVEL AGREEMENTS. Group. Group

CLAIMS SERVICE LEVEL AGREEMENTS. Group. Group CLAIMS SERVICE LEVEL AGREEMENTS Authorised Financial Authorised Services Financial Provider Services Provider A member of the A member of the Group Group OUR VISION To be the short-term insurer of choice.

More information

Palabora Mining Company

Palabora Mining Company Palabora Mining Company The effect of power tariff increases A presentation by Nick Fouche General Manger Growth (Investment projects) 29 January 2013 Palabora Mining Company Company overview Palabora

More information

Cost Reflective Tariffs: Balancing Commercial and Socio-economic Imperatives The MYTO Perspective

Cost Reflective Tariffs: Balancing Commercial and Socio-economic Imperatives The MYTO Perspective 14th 15th May 2013 Cape Town, South Africa Cost Reflective Tariffs: Balancing Commercial and Socio-economic Imperatives The MYTO Perspective Sam Amadi, Ph.D Chairman/Chief Executive Officer Nigerian Electricity

More information

FLEET MANAGEMENT, THE INTELLIGENT STOLEN VEHICLE MANAGEMENT SOLUTION INSURANCE TELEMATICS 0861 CARTRACK 0861 CARTRACK (0861 22 78 72) (0861 22 78 72)

FLEET MANAGEMENT, THE INTELLIGENT STOLEN VEHICLE MANAGEMENT SOLUTION INSURANCE TELEMATICS 0861 CARTRACK 0861 CARTRACK (0861 22 78 72) (0861 22 78 72) FLEET MANAGEMENT, THE INTELLIGENT STOLEN VEHICLE RECOVERY RECOVERY AND FLEET AND MANAGEMENT SOLUTION INSURANCE TELEMATICS 0861 CARTRACK 0861 CARTRACK (0861 22 78 72) (0861 22 78 72) INTRODUCTION Cartrack

More information

Fixed term contracts: The current jurisprudence and the impact of the amendments

Fixed term contracts: The current jurisprudence and the impact of the amendments Fixed term contracts: The current jurisprudence and the impact of the amendments 1 Introduction Fixed term contracts are a popular option for employers seeking flexibility and a hassle-free termination

More information

Report of the Auditor-General of South Africa to Parliament on a performance audit of the infrastructure delivery process at the provincial

Report of the Auditor-General of South Africa to Parliament on a performance audit of the infrastructure delivery process at the provincial Report of the Auditor-General of South Africa to Parliament on a performance audit of the infrastructure delivery process at the provincial departments of Education and Health August 2011 Report of the

More information

Executive Programmes 2015

Executive Programmes 2015 Executive Programmes 2015 INTRODUCTION In order to overcome the many contemporary challenges facing public service delivery, a high degree of management sophistication is required. The executive programmes

More information

RESOLUTIONS APPROVED BY THE 2015 EXTRAORDINARY CONGRESS MBOMBELA 29 MARCH 2015

RESOLUTIONS APPROVED BY THE 2015 EXTRAORDINARY CONGRESS MBOMBELA 29 MARCH 2015 RESOLUTIONS APPROVED BY THE 2015 EXTRAORDINARY CONGRESS MBOMBELA 29 MARCH 2015 INTRODUCTION We, the Members of the South African Football Association, gathered at the Extraordinary Congress Workshop on

More information

Companies Act No. 71 of 2008 An Implementation Guide

Companies Act No. 71 of 2008 An Implementation Guide Companies Act No. 71 of 2008 An Implementation Guide The New Companies Act An Implementation Guide It has been announced that the new Companies Act No. 71 of 2008 (New Act), which will repeal the existing

More information

BUDGET MANAGEMENT AND OVERSIGHT POLICY

BUDGET MANAGEMENT AND OVERSIGHT POLICY ANNEXURE 15 BUDGET MANAGEMENT AND OVERSIGHT POLICY Budgets FINANCE DEPARTMENT City of Cape Town 1 Table of Contents 1. DEFINITIONS AND ABBREVIATIONS 3 2. PROBLEM STATEMENT 4 3. DESIRED OUTCOME 4 4. STRATEGIC

More information

State-owned Company registered in terms of the Companies Act

State-owned Company registered in terms of the Companies Act Introducing sefa Corporate Profile Established Corporate Type Shareholding Reporting Funding Objective Activities Geographic mandate Finance Governance Values April 2012 (merged entity) State-owned Company

More information

Statistics of liquidations and insolvencies (Preliminary) December 2015. Embargoed until: 25 January 2016 14:30

Statistics of liquidations and insolvencies (Preliminary) December 2015. Embargoed until: 25 January 2016 14:30 Statistical release Statistics of liquidations insolvencies (Preliminary) December 2015 Embargoed until: 25 January 2016 14:30 Enquiries: Forthcoming issue: Expected release date: Nicolai Claassen January

More information

WRITING OFF OF BAD DEBTS AND THE IMPAIRMENT OF DEBTORS POLICY

WRITING OFF OF BAD DEBTS AND THE IMPAIRMENT OF DEBTORS POLICY WRITING OFF OF BAD DEBTS AND THE IMPAIRMENT OF DEBTORS POLICY REVISED 1 JULY 2011 STEVE TSHWETE LOCAL MUNICIPALITY MP313 1. INTRODUCTION The Council of Steve Tshwete Local Municipality resolves in terms

More information

Framework for Managing Programme Performance Information

Framework for Managing Programme Performance Information Framework for Managing Programme Performance Information Published by the National Treasury Private Bag X115 Pretoria 0001 South Africa Tel: +27 12 315 5948 Fax: +27 12 315 5126 The Framework for Managing

More information

Electricity. Introduction

Electricity. Introduction 9 Electricity Introduction Electricity services in South Africa are at a crossroads. National economic growth has outstripped available generation capacity, while regulatory uncertainty has undermined

More information

Review of the Energy Savings Scheme. Position Paper

Review of the Energy Savings Scheme. Position Paper Review of the Energy Savings Scheme Position Paper October 2015 Contents Executive summary... 3 Energy Savings Scheme Review Report package... 3 Expanding to gas... 3 Target, penalties and duration...

More information

Audit Advisory Tax. RISK ADVISORY SERVICES GUARDING AGAINST FRAUD, THEFT AND CORRUPTION Forensic Services. The Leader for Exceptional Client Service

Audit Advisory Tax. RISK ADVISORY SERVICES GUARDING AGAINST FRAUD, THEFT AND CORRUPTION Forensic Services. The Leader for Exceptional Client Service Audit Advisory Tax RISK ADVISORY SERVICES GUARDING AGAINST FRAUD, THEFT AND CORRUPTION Forensic Services The Leader for Exceptional Client Service BDO in South Africa provides audit, advisory and tax services

More information

Annual Results 30 June 2014

Annual Results 30 June 2014 Annual Results 30 June 2014 Agenda STRATEGIC & OPERATIONAL OVERVIEW Pieter Prinsloo OPERATING PERFORMANCE - SOUTH AFRICA Pieter Prinsloo INVESTMENT IN SUB-SAHARAN AFRICA (Excl. SA) Kevin Teeroovengadum

More information

BENCHMARKING IN THE SOUTH AFRICAN EDI CONTEXT

BENCHMARKING IN THE SOUTH AFRICAN EDI CONTEXT BENCHMARKING IN THE SOUTH AFRICAN EDI CONTEXT Author and Presenter: Dr. W. J de Beer PhD; MBA; GCC Electrical; GCC Mechanical Chief Operations Officer EDI Holdings Co-authors: Mr. N Waters BA; B Ed; M

More information

Inquiry into Inset (or Embedded) Electricity Networks

Inquiry into Inset (or Embedded) Electricity Networks Inquiry into Inset (or Embedded) Electricity Networks Submission by the Shopping Centre Council of Australia 21 February 2013 TABLE OF CONTENTS Topic Page Executive Summary... 3 1. What is an inset scheme?...

More information

Template for Developing Guidelines on Public Participation

Template for Developing Guidelines on Public Participation Template for Developing Guidelines on Public Participation Public Service Commission March 2010 Vision The Public Service Commission is an independent and impartial body created by the Constitution, 1996,

More information

PRESS RELEASE FOR IMMEDIATE PUBLICATION 3 July 2012 CURRO, PIC AND OLD MUTUAL JOIN FORCES TO EXPAND QUALITY LOW-FEE SCHOOLING

PRESS RELEASE FOR IMMEDIATE PUBLICATION 3 July 2012 CURRO, PIC AND OLD MUTUAL JOIN FORCES TO EXPAND QUALITY LOW-FEE SCHOOLING PRESS RELEASE FOR IMMEDIATE PUBLICATION 3 July 2012 CURRO, PIC AND OLD MUTUAL JOIN FORCES TO EXPAND QUALITY LOW-FEE SCHOOLING Curro Holdings, the JSE-listed private schooling company, the Public Investment

More information

Review of PIRSA s Cost Recovery Policy and practices, including their application to the Fisheries and Aquaculture Industries Primary Industries and

Review of PIRSA s Cost Recovery Policy and practices, including their application to the Fisheries and Aquaculture Industries Primary Industries and Review of PIRSA s Cost Recovery Policy and practices, including their application to the Fisheries and Aquaculture Industries Primary Industries and Regions SA 29 July 2015 Contents Executive Summary...

More information

Real Estate Lifecycle Management

Real Estate Lifecycle Management Solution in Detail Enterprise Asset Management Executive Summary Contact Us Real Estate Lifecycle Management Boost Your Real Estate Portfolio Portfolio Management Optimized Management Managing corporate

More information

GOVERNMENT REGIONAL OFFICERS HOUSING. Debt Recovery Policy. October 2009

GOVERNMENT REGIONAL OFFICERS HOUSING. Debt Recovery Policy. October 2009 GOVERNMENT REGIONAL OFFICERS HOUSING Debt Recovery Policy October 2009 Policy Number of the Department of Housing of Western Australia 2000. Reproduction of this work in whole or part within the Department

More information

Vox Telecom. Interim Results April 2011. Douglas Reed, Group MD Gert Koen, Group CFO

Vox Telecom. Interim Results April 2011. Douglas Reed, Group MD Gert Koen, Group CFO Vox Telecom Interim Results April 2011 Douglas Reed, Group MD Gert Koen, Group CFO 1 Agenda > Introduction > Group Overview > Divisional Overview > Financial Performance > Vision and Strategy > Summary

More information

Statistical release P4001

Statistical release P4001 Statistical release (Preliminary) Embargoed until: 26 November 2014 14:30 Enquiries: User Information Services 012 310 8644 /4804 170 Thabo Sehume Street, Pretoria 0002, Private Bag X44, Pretoria 0001,

More information

Financial reporting by municipalities in South Africa in terms of GAMAP/GRAP versus the IMFO standard

Financial reporting by municipalities in South Africa in terms of GAMAP/GRAP versus the IMFO standard Financial reporting by municipalities in South Africa in terms of GAMAP/GRAP versus the IMFO standard D. Scott ABSTRACT The implementation of the Generally Accepted Municipal Accounting Practices combined

More information

Industry Analysis - Electricity and Costs in Queensland

Industry Analysis - Electricity and Costs in Queensland CCIQ Submission to the QCA consultation paper Regulated Retail Electricity Prices 2013-14: Cost Components and Other Issues About the Submission CCIQ makes this submission in response to the QCAs consultation

More information

RECOMMENDATIONS TOWARDS PRICING AND DEBT MANAGEMENT IN WATER SERVICES DELIVERY

RECOMMENDATIONS TOWARDS PRICING AND DEBT MANAGEMENT IN WATER SERVICES DELIVERY RECOMMENDATIONS TOWARDS PRICING AND DEBT MANAGEMENT IN WATER SERVICES DELIVERY Report to the Water Research Commission by Arcus GIBB (Pty) Ltd WRC Report No 1811/3/10 ISBN 978-1-4312-0031-3 OCTOBER 2010

More information

POLICY. Subject: Debt Recovery Property and Estate Management (Factoring) Policy. Committee: Repairs and Maintenance Page: Page 1 of 8

POLICY. Subject: Debt Recovery Property and Estate Management (Factoring) Policy. Committee: Repairs and Maintenance Page: Page 1 of 8 POLICY Subject: Debt Recovery Property and Estate Management (Factoring) Policy Committee: Repairs and Maintenance Page: Page 1 of 8 POLICY OUTLINE The Debt Recovery Property and Estate Management (Factoring)

More information

Paper to be delivered at the Law Society of Upper Canada Six-Minute Commercial Leasing Lawyer 2007

Paper to be delivered at the Law Society of Upper Canada Six-Minute Commercial Leasing Lawyer 2007 PROPERTY TAX UPDATE: CURRENT ISSUES AND DISPUTES Paper to be delivered at the Law Society of Upper Canada Six-Minute Commercial Leasing Lawyer 2007 By: Michael Steinberg February 2007 Michael S. Steinberg

More information

[to be completed by Democratic Services] Council 27 February 2015

[to be completed by Democratic Services] Council 27 February 2015 Council Title of Report: Report No: Decisions plan reference: Report to and date/s: Portfolio holder: Lead officer: Purpose of report: Budget and Council Tax Setting: 2015/16 and Medium Term Financial

More information

Review of Guidelines for Dealing with Household Customers in Debt

Review of Guidelines for Dealing with Household Customers in Debt Review of Guidelines for Dealing with Household Customers in Debt An Ofwat consultation CCWater response January 2007 January 2007 OFWAT: REVIEW OF GUIDELINES FOR DEALING WITH HOUSEHOLD CUSTOMERS IN DEBT

More information

Statistical release P0141

Statistical release P0141 Statistical release Consumer Price Index May 2015 Embargoed until: 17 June 2015 10:00 Enquiries: Forthcoming issue: Expected release date Marietjie Bennett / Anita Voges June 2015 22 July 2015 (012) 310

More information

FREQUENTLY ASKED QUESTIONS REGARDING WILLS, DECEASED ESTATES AND TRUSTS

FREQUENTLY ASKED QUESTIONS REGARDING WILLS, DECEASED ESTATES AND TRUSTS FREQUENTLY ASKED QUESTIONS REGARDING WILLS, DECEASED ESTATES AND TRUSTS Q: What will happen if I die without having made a will? There are laws which determine who will inherit if a person dies intestate,

More information

Title of presentation

Title of presentation Title of presentation Edison Makwarela Senior Consultant, Eskom, Gauteng, South Africa Current Situation - The reserve margin is currently 8 10%, against an aspiration of 15% - Increased probability of

More information

Mineral Accounts for South Africa: 1980 2009. Discussion document: D0405.2 February 2012

Mineral Accounts for South Africa: 1980 2009. Discussion document: D0405.2 February 2012 please scroll down Mineral Accounts for South Africa: 1980 2009 Discussion document: D0405.2 February 2012 Published by Statistics South Africa, Private Bag X44, Pretoria 0001 Statistics South Africa,

More information

DEBT COLLECTION POLICY

DEBT COLLECTION POLICY DEBT COLLECTION POLICY 1. INTRODUCTION The Debt Collection policy must be read with the Customer Care and Management Policy. 2. OBJECTIVE The objective of the Debt Collection Policy is to ensure that all

More information

INVESTOR MANAGEMENT DAY INVESTMENTS AND CONCESSIONS

INVESTOR MANAGEMENT DAY INVESTMENTS AND CONCESSIONS 1 INVESTOR MANAGEMENT DAY INVESTMENTS AND CONCESSIONS 2 Overview & Background Revenue Sources Some Secured & Approved Projects Value to Group Five 3 Overview & Background Investments & Concessions Eric

More information

Realising the benefits of smart meters for consumers and industry

Realising the benefits of smart meters for consumers and industry Realising the benefits of smart meters for consumers and industry ERAA smart meter Working Paper 1 Suite 3, Level 5, 189 Kent Street Sydney NSW 2000 T (02) 8241 1800 E info@eraa.com.au www.eraa.com.au

More information

Fact Sheet Poverty in South Africa

Fact Sheet Poverty in South Africa Fact Sheet Poverty in South Africa INTRODUCTION New estimates of poverty show that the proportion of people living in poverty in South Africa has not changed significantly between 1996 and 2001. However,

More information

LIMITING KEY MAN COVER INSURABLE INTEREST AND NON-INDEMNITY POLICIES

LIMITING KEY MAN COVER INSURABLE INTEREST AND NON-INDEMNITY POLICIES LIMITING KEY MAN COVER INSURABLE INTEREST AND NON-INDEMNITY POLICIES 1. Contracts of insurance may be either contracts of indemnity, or contracts of nonindemnity insurance. 2. When indemnity (often called

More information

Supply Chain Management Forum Stellenbosch

Supply Chain Management Forum Stellenbosch Western Cape Construction Contact Centre Supply Chain Management Forum Stellenbosch 20 August 2010 Compliance Regulatory compliance describes the goal that corporations or public agencies aspire to in

More information

Company Profile. Overview. Company Background. Highlights. The ECN Brand

Company Profile. Overview. Company Background. Highlights. The ECN Brand Overview Company Background ECN a division of Reunert Limited, was founded in January 2005 with the specific aim of exploiting the impending liberalisation of the South African telecommunications market.

More information

What we do at Vector. Debtors & creditors. Supply chain planning Call centre services Field marketing

What we do at Vector. Debtors & creditors. Supply chain planning Call centre services Field marketing Me What we do at Vector Warehousing Distribution Debtors & creditors Supply chain planning Call centre services Field marketing Overview - services Overview - services Customer relationship management

More information

Finnish Energy Industries draft answer to CEER public consultation The future role of DSOs

Finnish Energy Industries draft answer to CEER public consultation The future role of DSOs Finnish Energy Industries draft answer to CEER public consultation The future role of DSOs Respondents information Name Ina Lehto Name of organisation Finnish Energy Industries Type of organisation Other

More information

NATIONAL TREASURY STRATEGIC PLAN 2011/14

NATIONAL TREASURY STRATEGIC PLAN 2011/14 NATIONAL TREASURY STRATEGIC PLAN 2011/14 PRESENTATION TO PARLIAMENTARY FINANCE COMMITTEES Presenter: Lungisa Fuzile Director General, National Treasury 31 May 2011 TREASURY AIMS AND OBJECTIVES Chapter

More information

The Economic Impact of Electricity Price Increases on Various Sectors of the South African Economy A consolidated view based on the findings of

The Economic Impact of Electricity Price Increases on Various Sectors of the South African Economy A consolidated view based on the findings of The Economic Impact of Electricity Price Increases on Various Sectors of the South African Economy A consolidated view based on the findings of existing research Contents Contents... 0 List of Tables...

More information

TARIFF SCHEDULE FOR THE 2014/2015 FINANCIAL YEAR

TARIFF SCHEDULE FOR THE 2014/2015 FINANCIAL YEAR TARIFF SCHEDULE FOR THE 2014/2015 FINANCIAL YEAR MBOMBELA LOCAL MUNICIPALITY CHARGES FOR ELECTRICITY Mbombela Local Municipality hereby gives notice in terms of Section 75A of the Local Government Municipal

More information

CONTRACT MANAGEMENT POLICY POLICY ADOPTED BY COUNCIL ON???? AT ITEM C.????

CONTRACT MANAGEMENT POLICY POLICY ADOPTED BY COUNCIL ON???? AT ITEM C.???? CONTRACT MANAGEMENT POLICY POLICY ADOPTED BY COUNCIL ON???? AT ITEM C.???? 1 1. PRE-AMBLE All transactions undertaken by the Cape Winelands District Municipality involves a contract whether explicitly

More information

NATIONAL ASSOCIATION FOR PERSONS WITH CEREBRAL PALSY 022-245 N P O CONSTITUTION

NATIONAL ASSOCIATION FOR PERSONS WITH CEREBRAL PALSY 022-245 N P O CONSTITUTION NATIONAL ASSOCIATION FOR PERSONS WITH CEREBRAL PALSY 1. NAME 022-245 N P O CONSTITUTION The name of the Association shall be the National Association for Persons with Cerebral Palsy. (Referred to as the

More information

Shian Saroop Research Project: The Infrastructure Cost Model

Shian Saroop Research Project: The Infrastructure Cost Model . 94 Parkmead Avenue, Centenary Park, Phoenix, Durban 4068 Email: ssaroop@kv3.co.za Tel no: (031) 2758500 / 0837661281 SATC 2008: STUDENT ESSAY COMPETITION Shian Saroop Research Project: The Infrastructure

More information

Statistical release P6421

Statistical release P6421 Statistical release (Preliminary) Embargoed until: 2 December 2010 9:00 Enquiries: User Information Services 012 310 8600/8351 1 Table of contents 1. Summary of findings for the year 2009...2 Figure 1

More information

Management and Collection of Debt Policy. Effective date October 2014 Review date October 2017 Approved by Link Group Board. www.linkhousing.org.

Management and Collection of Debt Policy. Effective date October 2014 Review date October 2017 Approved by Link Group Board. www.linkhousing.org. Management and Collection of Debt Policy Effective date October 2014 Review date October 2017 Approved by Link Group Board 1. INTRODUCTION Link Group and its subsidiary companies provide a range of services

More information

Company Profile. Business Care

Company Profile. Business Care Company Profile of Business Care Business Address: Suite 102 Hoheizen Office Park 1 Hoheizen Road,Welgemoed Cape Town Western Cape 7530 Postal Address: P.O. Box 6405 Welgemoed 7538 Tel: 0800 007 269 Fax:

More information

Tariffs & Charges Booklet 2012/13

Tariffs & Charges Booklet 2012/13 Charges for non-local authorities effective from 1 April 2012 to 31 March 2013 Charges for local authorities effective from 1 July 2012 to 30 June 2013 Tariffs & Charges Booklet 2012/13 DISCLAIMER The

More information

SUPPLIER DATABASE REGISTRATION QUESTIONNAIRE - CONSULTANTS

SUPPLIER DATABASE REGISTRATION QUESTIONNAIRE - CONSULTANTS SUPPLIER DATABASE REGISTRATION QUESTIONNAIRE - CONSULTANTS Name of company Town / City Revision 0, October 2012 1 ALL SUPPLIER INFORMATION WILL BE TREATED STRICTLY CONFIDENTIAL. NOTE: a) The information

More information

EXECUTIVE SUMMARY. Audit Report on PC Training and Business College

EXECUTIVE SUMMARY. Audit Report on PC Training and Business College HIGHER EDUCATION QUALITY COMMITTEE EXECUTIVE SUMMARY Audit Report on PC Training and Business College Report of the HEQC to PC Training and Business College September 2007 Didacta Building, 211 Skinner

More information