Thursday, 20 August 2026

NTCSA is legally obliged to pay renewable producers when they are curtailed, and the speaker warned the system is unsustainable because consumers ultimately fund compensation, replacement power and new transmission investment.

Curtailment is rising because Eskom’s coal plants are performing better and more renewable plants are online, but transmission infrastructure has not kept up with where new generation is being built.

President Cyril Ramaphosa said phase three of the government-business partnership must turn reforms into growth, investment and jobs, with an immediate target of lifting economic growth above 3%.

Martin Kingston said business backs the view that reforms will not be reversed, and said the third phase should focus on mining, agriculture, tourism, hospitality and infrastructure, with progress reported every three months.

Spur Corporation said Panarottis sold more pizza and pasta and the group lifted revenue, but John Dory’s sales fell 11% and a legal dispute forced a provision that cut headline earnings per share.