{"id":75739,"date":"2026-06-01T16:06:32","date_gmt":"2026-06-01T16:06:32","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/75739\/"},"modified":"2026-06-01T16:06:32","modified_gmt":"2026-06-01T16:06:32","slug":"south-africa-agrees-2-3b-power-lifeline","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/75739\/","title":{"rendered":"South Africa agrees $2.3B power lifeline"},"content":{"rendered":"\n

South Africa approved an estimated $2.3 billion five-year power tariff-package for its largest ferrochrome producers, moving to halt an industrial decline that saw the nation fall off its perch as Africa\u2019s top manufacturing economy.<\/p>\n

The energy regulator signed off<\/a> on the preferential electricity tariff for Glencore\u2019s local venture and Samancor Chrome, slashing power prices by over 50% from the standard baseline.<\/p>\n

The intervention is an attempt by Pretoria to stabilize a smelting sector dominated by soaring electricity costs<\/a> as a result of over-budget megaproject debt and ageing coal-fired power plant fleet maintenance. The urgency of the rescue package is underscored by the African Development Bank\u2019s latest industrial rankings, which placed Morocco ahead of South Africa<\/a> for the first time since 2010 following rolling power blackouts and weak supply chains.<\/p>\n

In return for the pricing concessions, Glencore immediately withdrew layoff notices<\/a>, safeguarding more than 1,500 positions and thousands of other indirect jobs across the platinum belt.<\/p>\n

\"A A chart showing Eskom\u2019s weekly unscheduled power outages 2025-2026. <\/p>\n

\u2014 Tiisetso Motsoeneng<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"South Africa approved an estimated $2.3 billion five-year power tariff-package for its largest ferrochrome producers, moving to halt…\n","protected":false},"author":2,"featured_media":75740,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[123],"tags":[132,39708,34235,7323],"class_list":["post-75739","post","type-post","status-publish","format-standard","has-post-thumbnail","category-glencore","tag-glencore","tag-industrial-decline","tag-samancor-chrome","tag-south-africa"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116675712593849899","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/75739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=75739"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/75739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/75740"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=75739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=75739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=75739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}