LancelotSA
Banned
Today I sat in on an interesting Stanlib Fund Focus meeting. At these meetings we share views on the economic outlook for South Africa, the world as a whole, whether America was entering a recession etc etc.... The usual economic feedback and predictions we have within the industry.
One aspect of the chat which obviously enjoyed a lot of interest from those present was the "power crisis" we hear about daily in this country and the effect of this on our market. Now I have made it clear elsewhere on this forum that I feel we are very wasteful of electricity within this country and felt that the fact that it is so cheap is partly to blame. No real reason for people to conserve power if it is not costing them anything...
In the meeting Kevin Lings looked at our ability as a nation to save between 10 and 15% of our current electricity consumption annually, as required by Eskom, to maintain our required reserves and to avoid the need for load shedding.
I was shocked by some of the figures presented as to South Africa's efficiency in electricity use when compared to other countries around the world. I requested a copy of the presentation so that I could share it with you guys. It would take a day or two to get a copy, so in my impatience I decided to do a little googling to see if someone else had done a similar study and low and behold I found Kevin's self same presentation on Moneyweb, so here it is for you guys to have a look at....
http://www.moneyweb.co.za/mw/view/mw/en/page38?oid=195536&sn=Detail
One aspect of the chat which obviously enjoyed a lot of interest from those present was the "power crisis" we hear about daily in this country and the effect of this on our market. Now I have made it clear elsewhere on this forum that I feel we are very wasteful of electricity within this country and felt that the fact that it is so cheap is partly to blame. No real reason for people to conserve power if it is not costing them anything...
In the meeting Kevin Lings looked at our ability as a nation to save between 10 and 15% of our current electricity consumption annually, as required by Eskom, to maintain our required reserves and to avoid the need for load shedding.
I was shocked by some of the figures presented as to South Africa's efficiency in electricity use when compared to other countries around the world. I requested a copy of the presentation so that I could share it with you guys. It would take a day or two to get a copy, so in my impatience I decided to do a little googling to see if someone else had done a similar study and low and behold I found Kevin's self same presentation on Moneyweb, so here it is for you guys to have a look at....
http://www.moneyweb.co.za/mw/view/mw/en/page38?oid=195536&sn=Detail