President Cyril Ramaphosa has taken a major step in moving South Africa away from its dependency on coal energy, which will unlock approximately $8.5 billion worth of investment opportunities for the country.
According to a study conducted by COP26, South Africa – the world’s 13th biggest source of greenhouse gases – will need to spend over $250 billion over the next 30 years to fund the closing of coal-fired plants and develop green alternatives. The Presidential Climate Commission added that the new framework falls precisely within the national development plan’s goals and annual government budgeting processes.
The plan is for South Africa to produce a draft investment plan in July and to have a final version signed off with the partner countries by early NovemberThe national power utility Eskom, which relies predominately on coal as a fuel source, has been under strain over the year.
AdvBMkhwebane Kunzima
I am defeated🥴😏 Cyril hates this country
AdvBMkhwebane This mgodoyi has to go
AdvBMkhwebane Don’t you have your incompetence hearing to focus on ? Puppet Protector? Mkhwebane parroted SSA orders, former investigator in her office testifies
AdvBMkhwebane Hallelujah. RET rats have a fit just like Trump
nokorapudi0 Ons daak nie, ons phola hier by ons Malahle. Let the loan sharks keep their loans so that SAReserveBank give GovernmentZA Rands for RSA's planned energy programme just like Oom jacob_maroga advises.
AdvBMkhwebane Dear Advocate Gymkhana I may not understand the dynamics and the politics but I know one thing the Lord shall be your vindicator and the truth shall set you free. May you be blessed by the Lord who made heaven and earth in Jesus Name Amen
South africa where? I didn't approve anything of that sort... Rather just say Cyril approved this
We will fight this RANKOS house.
Who approved that nonsense?
Scam
Robery in broad daylight
LeVenda lona.. hai i give up
This $8,5b should be used to subsidize households cost of Solar energy. Estimated costs incl of vat on average monthly household usage. (1). 600kWh= R172,420, (2).900kWh= R216,665,(3).1,200kWh= R269,700. State to zero rate costs, but 'lingawa licotshwe zinkukhu'.
Who is benefiting
Is The day we bury Mpumalanga. Mpumalanga produces 80% of the coal for local domestic use and for exports. Mpumalanga has 12 coal fired power plants, which employs approximately 150 000 people. What will happen there?
Ai nor . How do we have baseload away from coal . Stop joking
Monare99
Therefore Exporting of any coal must stop immediately. Most mines must stop operation.
ANechubvi
🤣🤣🤣🤣 one thing about cupcake, he can lie! We Don't have an alternative!!!!!!
Basically paying SA to stop using coal so Europe can use it cos Russia cutem off... Don't be fooled
Igolo leli
The sooner South Africans remove this captured white monopoly capital puppet the better. He is busy selling out country to his handlers.
Ya neh wtf 😐
They didn't consult the residents of South Africa GovernmentZA CyrilRamaphosa MYANC they do as they pleases at expense of SA. Renewable energy is not reliable does not offer base load it shouldn't replace coal rather serve as complement to coal.
Lol Mr Phala Phala
Is this not a smokescreen of something. We accept money & we don't have a plan. What is this money for actually.
Doing business with the country who asked its citizens to use coal and wood to keep warm during the Ukraine war
Putin must invade RSA and become our president lo uyasibhoshela mihla yonke😭😭😭💔🇿🇦
Kodwa simakade!!!
Disaster brewing in essence
PrinceGersie CyrilRamaphosa PresidencyZA You’re going to be one of thee worse villains in black history PhalaPhalaGatefarm nationalshutdown CyrilRamaphosamustgo blm SouthAfricaSOLD
This guy needs to be stopped asap because we'll wake up tomorrow to a dictatorship and devastating poverty.
Now they burying our resources in their pockets 😩😭😭
Approval just in time for December Electoral conference. Bathong sikhaphe uMr Phala Phala and friends here
I guess the sell was 'Locals will export high grade coal as usual-production costs in rands & revenues in $$$$💰💰 ching ching' & of coz that FIFA guy & Mr Phala Phala and friends on their way to another billion cheques in Renewable Energy deals.Everybody happy except voters🥱🥱
My question is what about the working community in the coal sector. Bazoyaphi
Bullshit
AdvBMkhwebane Why Germany not Russia
Why does Europe being so advanced than us want us to use renewable power yet they’re going back to coal power? You can’t tell me out coal will just lie there underneath the earth.
Please wait a few years - I feel like we’re getting sold a heavy dud here. Let them move fully their renewables and like the good, happy folk we are, we’ll meet you there somewhere😊
.. That will be a great move
Cyriramaphosa O romile ke mang?
Lol what did the king of coal say about this 🤭🤭
President they are coals as we speak remember we have got blackouts and loadshedding
Wehhh! We will never get out of the mess this guy is putting us in! 🤦🏾
South Africa has no leadership 🤔
Weeeeh!
CyrilRamaphosa madness 😠 😳
What happens to all these coal reserves and newly built power stations.... Maybe moving away is not the best but to supplement.
I know there's one idiot that approved this, yet the people that gave him that $8.5 Billion still use coal in their countries
Germany is moving back to coal
readwise save thread
But SA’s energy major problem isn’t the source per se. it is competency of the energy supplier. ESKOM and corruption.
How is this guy still the president of South Africa?
Move away from coal to what? nuclear?
They move away from natural resources they have to implement what they will need to buy from another country , what a country with no economic skills
Remaphosa not South Africa because we South Africans don't agree with him on that because we know his just following instructions. His interests is not people of SA but has Handlers
This man is not thinking stru.
That guy and his cabinet will chow the whole $8billion,yoh.
He said in a speech that there will be no nuclear stations
Destroying jobs in the coal mining and truckers while Germany is going back to coal!!!
We need to think carefully about this. Europe is going back to coal because of the Ukraine issue and have the audacity of telling us how to use our God given natural resources.
Real cost $250 billion + cadre gatekeeping cost $70 billion + BEE companies tender fraud $150 billion + cost of fixing all the design and build flaws $350 billion = total cost $820 billion.
Europe is going back to coal, apparently we'll be selling our coal to Europe because they failed using Renewable energy.... Europe is Developed, SA is developing do y'all think we'll manage if a developed country failed Waze wadayisa ngathi u Cupcake
We say no to ghat deal. In fact CyrilRamaphosa is going.
a Whole lot of stealing coming.
How much is president Ramaphosa willing to spend to move away from unemployment?
This is nonsense PresidencyZA one nuclear power plant is way more than this.
We will import 95% of the equipment.Local electricity user will pay the bill as foreigners will take interest and their profits out of SA. If foreigners are able to wield so much power within our government, then we are facing more extreme form of state capture in the making.
Maybe look at Germany and see the folly of this experiment. Africans shld do what benefits them and with less than 40% of the continent accessing reliable power there is no cheaper and reliable way to access power than coal. See China for a simple lesson
Seems like they got their money for the next election campaign, maybe they can settle their previous election debt now.
How many tenderpreneurs will benefit I wonder CyrilRamaphosa ?
z00tymanda Please, I beg you. Please do not look to Germany for any advice on Energy, we cant afford it.
While Europe restarts it's coal fired power stations. Don't be caught out like Australia which cannot use its own Uranium, as its owned by foreign countries. Where is our coal going to?
Approval doesn't mean anyone is doing anything concrete
Seriously, you have massive deficit energy and you want to move away from coal?
Which South Africa approved the plan to dismantle Eakom?
And Germany starts to import coal from SA
Jah neh, just when you think it can't get anymore downhill then you get a free ride on a bobsled going 240km/h from Cyril and his team.
God please help our useless politicians？
A country supplies most of coal exporting,as a country how are we moving away from it while Eskom is struggling for now coal can be a solution.
PresidencyZA sir are you really okay in your head?
Umsangano nj lona walobaba ongasile ekhanda
Cyril approves PresidencyZA ParliamentofRSA CyrilRamaphosa
Wow!
After 14 years of loadshedding South African government finally decides they have tortured South Africans enough.
Move amasimba
We bhatata waze wathamba
LandNoli come here
Since when SA is using dollars as currency?
What happens to our coal reserves.
Guess which family will benefit?
I vividly remember an article about British parli trying to decide whether to move SA away from coal or not. This was never our decision to make.
irony is Germany is back in coal full steam 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
This country is indeed rich,they really believe electricity from sun catching mirrors and wind will provide the electricity needs of 60 million people
?
Not South Africa. Mr PhalaPhalaGateFarm
What will happen to coal mines?
Kak plan
Lomasaka is busy dragging our khantri deep into the mud
I think it might be good, these mine companies are selling their coal at ridiculous prices. This over dependance on coal is not good.
I think time has arrived for Cyril ' The Ankole' Ramaphosa to go home we can't sit on the way side watching country going to dogs. The sooner Cryril go the better because this madness is going to drive a huge bloody revolution.
Our new president will fix everything
Phala Phala please
Zuma came up with this idea and no businessman supported his idea because he was all for black empowerment now Mr Phala Phala steals the idea the white people side with him because his all for them
I wonder who it’s gonna benefit
Who is the biggest winner
Kkkk. Zanupf language. 'Presidential schemes'. SA is falling apart
Truck drivers and owners will be affected
Please tell me why I’m without electricity for 8 to 18 hours a day but we’re moving away from coal whilst increasing coal sales to Germany, France, Poland and Spain?
AdvBMkhwebane Let’s earn together from this investment platform, I never believed it until I confirmed it myself. All thanks to Crypto_Kings8 for making me financially stable
Another loan which will suffocate us more as ordinary people.
Smakade
What the fuck aybo it's really happening kanti? Yoh sisekakeni
Ori_RSA What the hell is this now!
Yes , green energy is good, but who’s going to benefit? And what is going to happen to our coal? 😂😂😂
Thats the death of ESKOM. - Public Schools vs private, now IBE schools take the trophy. - SAPS vs private security, there's no proper policing in SA and for your own safety go private. - Government hospitals vs private hospitals, everyone with money private. ESKOM dead!!!!
This tsotsi Ramaphosa must not close the Coal Mines.
This is sad because by the time we really feel the effects of these selfish decisions, this man will be long gone. A new president will take another 2 terms doing nothing, while telling us that he is fixing Ramaphosa’s mess
Crazy how the EU is using more coal now. But want African countries to use the colonial world bank to get loan to be in debt
Cyril the thug approved it . South Africans have no say
Now that they've run out of the actual GOLD to mine and sap, they've swapped a few regulations and are coming for the 'Black Diamond?'🤔🤔🤔
To move away from coal and into whose accounts?
all we need to do is to burn those mines
Why?
Meanwhile: Mining has helped drive Australia's economy for decades, and coal remains the country's second-biggest export.
This is so bad. 👎
lynetso Uh oh Gwede gonna be pissed!
Financed by the Guptas?
Germany they are back to coal power now scholz is funding SA to move away from coal that nonsonse
While all refire their coal power stations and buy more coal…
Show me an entire economy as big as ours running on Intermittent energies 100% specifically the Wind&Sun, what happened to just cutting carbon emissions not wiping out the fossil fuel industry, idiots talk about converting coal stations to solar sites 🤣🤣 we are fvcked
I still say we need our own news channel...some stories needs to be aired out...n they must know we see n know wats happening nobody is coming to save us
Sisekakeni straight
This is billshit...there i said it!
In exchange for coal from sa
😀😀😀😀😀 the ANC will get richer and we’ll have loadshedding for many years to come unless Eskom is sold
This man is so bad for our country. The Ankole President must go. CyrilRamaphosa your days are numbered in the office of the PresidencyZA. You continuously violate your oath of office.
EISHKOM 😳😳😳😱😪
Ramaphosa just finished the little life of thecountry that was left....
Let the bidding begin 💰
They going to steal the money and leave nothing left.
What !!! ..Ay we need to get rid of this guys seriously ...
Can never be true Way more than that...
Make it make sense
More job loss , great
He never sleeps when.he is with white people. True colonial clerk
There's no free investment. What's the catch here. How is South Africa going repay the investment. Also who really stands to benefit in the construction of these plants?
The PhalaPhalaFarmGate puppet sells off our country to his baas & friends... What a 'surprise'... Tjeeeer Ramaphosa is a fool, by far the WORST president in this country democratic history. How can he in his right mind agree to basically DESTROY the black majority. Setlaela 🤮
If only Nelson Mandela was still alive.
Good move.
Yhooo
MANDELADAYProtest
Lol and we are in the top ten of countries with coal reserves number 8 actually. So what are going to do with all that coal? Is 35 billion tons worth of coal worth R8bn? How stupud are these ANC guys maar?
So what must happen to my Exxaro & Thungela shares, Bloody ANC Fools?
Ramaphosa not South Africa!
I don't trust any 'deal' this man spearheads
Are they moving from coal to trees palm trees & watle trees or theyre moving to sun
Germany is going back to coal. 🤷🏻♂️
Sisenjeni
Msunary of business not knowing what's they doing and their stupid president think private sector is going to save the country. They can't Even sustain their media.
It’s sign that we follow others sometimes without even knowing what is the benefit for follow them. Leaders are also lead. What are the conditions for the 8.5billion. One day we could be possible told of evergreen contracts.🤔
Weeh kusekude phambili
WTF🚮🚮🚮
CyrilRamaphosa PresidencyZA koko_matshela tedblom how true is this?
How about South Africa sold its last Remaining Coal 'Reserves'to Germany..for $8.5 Billion ..how about that kind Of truth in it..!!Savage..
Idiots
Economic hitman
Why is Europe and America so invested in moving South Africa away from coal when they themselves are even importing more coal and firing up even hitherto defunct coal power plants? What exactly is going on here? Why is the South African leadership agreeing to this?
We are so in trouble and 2024 is too far to remove these useless geriatrics
Auctioners at it again
Sanya sisive lesimnyama, lendvodza sigebengu lesikhuku, mgulukudzu
Akola knows his time is up, so he sanctions all the deals to his handlers.
Artii_M With whose mandate
Artii_M We are led by fools
Canceling the country's resource to please the western imperialist who wants to benefit from these expensive green energy. Currently coal is much cheaper than solar and wind energy.
_AfricanSoil South Africa has not approved this plan
Uthini u Minister Mantashe yena?
It's raining billions everywhere
Sthuphethu
The real corruption, happening right infront of everybody. And we are all OK with it. Just because Ramaphosa twangs 🚮🤮🤮🤮🤮
never we wont that rubbish
Cyril approved it not South Africans!!!
tyengeni1954 what’s going Sir with your 1. Is this sign-off policy or agreement by top organisation structures and members? I don’t believe 1 person has so much power to do as he pleases. it can’t be
Another birdbrain idea loading. SA as one of the largest coal producing countries in the world and who cannot keep the coal-fired power stations operating , wants to move away from coal.. rather sell it to other countries.. FFS
Mxim
_AfricanSoil What’s left is for the President to sell us one by one.
We will go back to coal soon after he’s removed from office soon!
mxm
maybe this also part of us being loadshedded, they want us to see coal failing us so we can easily buy in to this......
The headline should be 'The idiots approve a rotten plan to move away from coal...'
Whilst other countries are going back to coal, boom. We are sold
This is what corruption is; Motsepe takes money from ABSA to build the biggest wind and solar farm in Africa, assures them that Ramaphosa will jump on board. He now approves $8.5bn plan, who benefits from this? Motsepe, Cyril Ramaphosa’s brother in law.
_AfricanSoil Our compromised government will again load their pockets this time around😢😪same way they did with the R500 billion 'Covid' relief fund😢😪 these tsotsi's cannot be trusted with tax payers monies‼️‼️Where there's money, they will steal, there's no two ways about it‼️
_AfricanSoil we south africans we are not part of this stupid thing.
No minerals ever belonged to South Africans but settler colonies.
_AfricanSoil Why it nevernwent to germany so that we see how it will work for them? Stupid news
We didn't approve shit!!!!
_AfricanSoil The same Germany that has been re-opening old coal plants amidst the shortage of fuel. 😅
They are mad....madness....Germany needs the coal so we will be shipping it to them ..fools
_AfricanSoil Yet Germany is building what what goal NationalShutdown
Why nem?
Cyril Ramaphosa again
LandNoli Gone, yes repeat after me, Gone to the dust
Hhaibo 😳
Lihambile izwe!!🤞🏾
_AfricanSoil _screenshoter light
Since when can you build 50,000mw worth of nuclear power stations with $8.5 Billion?
Million dollar smiles 😂🤣 PhalaPhalaFarmGate
And yet. South African politicians are our enemy.