Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

Davos 2023: South Africa plans to end load-shedding in 12-18 months

Davos 2023: South Africa plans to end load-shedding in 12-18 months

SOUTH Africa has a plan to improve energy provision that will end the need for any power cuts within the next 12-18 months, ITS Finance Minister Enoch Godongwana said. "Eventually in the next 12-18 months, we will be able to say load-shedding is a thing of the past. That is the target," Godongwana, told Reuters on the sidelines of the World Economic Forum (WEF) in the Swiss resort of Davos. Godongwana said so-called "stage 6" power cuts - which mean at least six hours a day without power for most South Africans - would no longer be needed within about…
Read More
Davos 2023: Idris Elba calls for investment to help world’s poor

Davos 2023: Idris Elba calls for investment to help world’s poor

KATHRYN LURIE ACTOR Idris Elba and his wife Sabrina Dhowre Elba called for business and political leaders to provide more support to the world's poorest countries in the form of investment rather than aid. At the opening ceremony of the World Economic Forum (WEF) annual meeting in the Swiss mountain resort of Davos, the Elbas were both honoured for their work on environmental conservation, food security and climate change. The couple, who are Goodwill Ambassadors for the United Nations' International Fund for Agricultural Development, appealed to participants at the annual summit for fast financial support for people hit by food…
Read More
Davos 2023: Key takeaways from the World Economic Forum

Davos 2023: Key takeaways from the World Economic Forum

GLOBAL leaders and business executives departed a freezing World Economic Forum (WEF) meeting after a frank exchange of views over how the world will tackle its biggest issues in 2023. Here's what we learned: ECONOMY: Gloom and doom heading into Davos turned into cautious optimism by the end with the global economic outlook for the year ahead looking better than feared. But the WEF's annual meeting was filled with discussion of plenty of risks, including inflationary pressures from China's reopening and rising debt distress in the developing world. Not to mention that the hardest bit for Western nations is yet to come - getting…
Read More
Davos 2023: Germany’s allies press Scholz for green light on tanks for Ukraine

Davos 2023: Germany’s allies press Scholz for green light on tanks for Ukraine

JOHN IRISH GERMANY'S allies ramped up pressure on Chancellor Olaf Scholz to allow the supply of German-made Leopard tanks to Ukraine for deployment against Russia's invasion, ahead of a crunch defence ministers meeting on Friday. Berlin has so far resisted providing the modern tanks or allowing partners which have them to do so, saying Western tanks should only be supplied to Ukraine if there is agreement among Kyiv's main allies, particularly the United States. Leopard battle tanks - the workhorse of armies across Europe - are widely seen as the only plausible choice to supply Ukraine with the large-scale tank force it needs. But…
Read More