Dear Reader
The year 2022 has been one for the history books with its many events that affected our daily living experiences (and expenses). As the year draws to a close, many South Africans wonder if there is a glimmer of hope amidst the rising costs. Here are some of the latest happenings in the world of fuel and energy in South Africa as we round out 2022.
Funding Approved For Energy Transition
The World Bank in early November approved $497-million to help South Africa lower the level of its greenhouse gas emissions and facilitate a just transition to a low-carbon economy.
This funding was aimed at decommissioning and repurposing the Komati Power Station, which previously ran on coal, to now be powered by renewable energy, made up of 150 MW solar, 70 MW wind and 150 MW batteries.
This is part of Eskom’s overarching plan to start transitioning slowly away from coal-fired power to renewable energy over the next decade or so.
Eskom Overshoots Diesel Budget
In an effort to keep the electricity flowing to businesses and homes across South Africa, Eskom spent more than R7-billion on diesel in just six months. This amounts to nearly the whole of the power utility’s budget.
The overspending went toward keeping the open-cycle gas turbines going, with only R350-million left for the rest of the financial year. This year has seen more load-shedding than ever before, which is what has caused the overspending.
Used Oil Generators Must Know The Regulations
Any business that generates used oil in excess of 20 kg per day has to register itself on the South African Waste Information System (SAWIS) and report its used-oil generation figures every 90 days.
Various information needs to be kept track of on a Hazardous Waste Manifest regarding all used oil that is generated and collected by ROSE-accredited oil collectors.
There are also strict requirements for the safe collection and storage of used oil on-site to prevent it from leaking into the environment and causing damage to water sources and more. You can find out more details by visiting www.rosefoundation.org.za.
Truck Hijackings On The Rise
In June, it was reported that truck hijackings have increased by 700% year-on-year. This compounds the problem of high fuel prices for the trucking industry.
Industry experts have advised truckers to be more aware of their surroundings and to be alert at all times, particularly in driveways, shopping centres and intersections. Unfortunately, there is not much that can be done at this stage except train truck drivers to be more vigilant and to avoid risky situations.
Safe Travels During The Festive Period
Every year, the festive season sees an increase in road accidents. To remain safe on the road and avoid jail time, don’t drink and drive. Ensure that your vehicle is maintained and roadworthy at all times. Prepare your route to minimise distractions and ensure that you wear your safety belt. Don’t drive if you’re over-tired, and do not use your cell phone when on the road unless you have a hands-free kit.
Always remember to keep a safe following distance, especially in wet conditions, and ensure that you keep your speed under the speed limit. Stay calm at all times and ensure that you have an emergency plan should something go wrong.
Stay safe this festive season!
Keep an eye out for our next newsletter in the new year to remain informed about what’s happening in the fuel sector. Until next time!