The Network · 2026-03-25 07:52:06 · Bloomberg Markets
South Africa's state-owned power utility, Eskom, has been compelled by the nation's Supreme Court of Appeal to publicly disclose the specifics of its critical fuel procurement contracts. The landmark ruling mandates Eskom to provide activist group Afriforum with detailed information on its coal, transport, and diesel s...
The Vault · 2026-03-30 23:26:58 · Seeking Alpha
Ferroglobe, a major producer of silicon metal and ferroalloys, has issued a stark warning that it may be forced to shut down its operations in South Africa. The primary driver is the unsustainable surge in electricity costs, which is crippling the energy-intensive smelting operations that form the core of its business ...
The Vault · 2026-04-10 11:09:49 · Bloomberg Markets
Glencore Plc's ferrochrome venture in South Africa has provisionally accepted an offer for cheaper electricity, a critical step in complex negotiations to restart its idled smelters. The move signals a potential breakthrough in a standoff that has kept the company's major industrial assets offline, directly impacting S...