'IPPs will create jobs during construction phase only'
Econometrix consultant Rob Jeffery disagrees with the number the minister of Energy Jeff Radebe has provided for the independent power producers.
The minister signed 27 agreements with IPPs after delays of more than two years.
Managing director at Econometrix Rob Jeffery says in the medium and long term there will be a reduction of jobs in the coal sector.
I think there are three questions that need to be answered. Firstly, do we really need that electricity for the next three years? At the moment we have excess electricity so in the next three to four years there is no need to rush into such an agreement.Rob Jeffery, Managing director at Econometrix
Secondly, will it create further jobs? Yes it will but only the construction phase. After that you will find that there will be very little employment created by renewable power.Rob Jeffery, Managing director at Econometrix
And the third point that needs to be considered, is what is the impact going to be on other jobs in the economy? And this will mean in the longer term or even in the medium term what will happen is that there will be a reduction of jobs in the coal mining sector.Rob Jeffery, Managing director at Econometrix
Jeffrey says there is sufficient argument not to look at IPPs at the moment. Renewable power is also not cheap, he adds.
Listen to more reasons as to why IPPs are rejected
The power utility says the rolling power cuts are likely to continue until 10 pm tonight.Read More
The number of recoveries in South Africa so far is 146,279. The total number of tests conducted to date is 2.232,738.Read More
The couple are in isolation and the minister, who received his results earlier on Tuesday, will continue to work from home.Read More
Reatlile Blessing Tolo has been left wounded after she was viciously attacked by pit bulls.Read More
KwaZulu-Natal secretary Mandla Shabangu says the stigmatisation around the virus may be contributing to the problem.Read More
Spokesperson Wayne Minnaar says four were arrested on Allendale Road just before midnight busy consuming alcohol.Read More
The R153m draw took place on 10 July 2020. Ithuba's Busisiwe Msizi says buying tickets online has become popular.Read More
Forecaster Edward Engelbrecht says Gauteng is not going to experience as intense a weather as the Western Cape.Read More
Mandy Wiener speaks to clinical psychologist Ruth Ancer about some of the anxiety experienced in the face of COVID-19.Read More
Listeners express their frustrations with the service from Eskom on The Clement Manyethela Show.Read More
It’s game time, Mzansi, says legend-of-legends John Kani. Arabile Gumede interviews advertising expert Andy Rice.Read More
Gold is glittering. Arabile Gumede asks Izak Odendaal (Investment Analyst at Old Mutual Wealth) to tell us more.Read More
What is Robinhood? Why is Tesla booming? Arabile Gumede interviews Paul Theron, potty-mouthed MD of Vestact Asset Management.Read More
SAA is dead! Long live SAA? Arabile Gumede interviews Guy Leitch, Managing Editor at SA Flyer Magazine.Read More
The economy is shedding jobs – but not in agriculture, says Roux Wildenboer, Head of Agriculture at Absa.Read More
Arabile Gumede interviews actress Dineo Moeketsi (Langa) about her attitude to money and beliefs about it.Read More
The Foschini Group is offering to buy 371 JET stores. The Money Show's Bruce Whitfield interviews portfolio manager Evan Walker.Read More
Why "quantitative easing" can’t work in South Africa, according to Nazmeera Moola (Head of SA Investments at Ninety One).Read More
Bruce Whitfield interviews reps from the Restaurant Association Of SA, Business Unity SA and the National Liquor Traders Council.Read More
Concerns have been raised over the impact of booze on trauma admissions since the ban on sales was lifted in June.Read More