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South African Government plans to roll out the Economic Reconstruction and Recovery Plan. President Cyril Ramaphosa, in his State of the Nation Address in February, stated that the plan focusses on infrastructure, industrialisation and local production, employment stimulus and energy security....
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]In general, although the restrictions around Covid-19 resulted in an initial decrease in production, the easing of lockdown rules and the concomitant reopening of mines, resulted in mining production in South African increasing by 21.3 per cent year-on-year...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]There is wide-spread agreement regarding the fact that South Africa desperately needs legislation to ensure public and private sector procurement compliance. Recently, the Special Investigations Unit (SIU) reported that between April 2020 and June 2021, government spend amounted...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]In his Mid-Term Budget Policy Statement, Finance Minister Enoch Godongwana emphasised that the mounting debt-service costs are a clear signal that the country must stabilise its public finance to redirect spending in favour of economic development. As such,...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Several important developments in the Energy sector this past year will set the scene for 2022. In October 2021, Eskom initiated proceedings in the South Gauteng High Court in Johannesburg to review the decision by the National Energy Regulator...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Investors today are increasingly obliged to review the performance of the companies they invest in –not just in terms of financial and market performance but in terms of environmental, social and governance (ESG) performance. These "intangible elements" have...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text] National Energy Regulator of South Africa(Nersa) is appealing a High Court application that State-owned powerutility Eskom brought against Nersa last year, which states that Nersa exceeded its boundaries regarding the determination on tariff adjustments requested by Eskom. Energy sector...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text] Regulations concerning environmental, social and corporate governance (ESG) globally have made progress in recent years, with legalisation compelling miningcompanies to meet specific ESG targets. However, women-led energy, natural resources and infrastructure law firm LNP Attorneys aims to accelerate the...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Following an extensive public consultation process and a significant amount of technical work undertaken by the Department of Mineral Resources and Energy (DMRE), President Cyril Ramaphosa made the announcement that Schedule 2 of the Electricity Regulation Act will...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Legal services are often regarded as a grudge purchase; however, it ensures that consulting engineers and mining houses save money in the long term. “When consulting engineers are preparing bids for projects on behalf of mining companies, it becomes...