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Electricity Minister to co-host South African Transmission Financing Seminar

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Electricity Minister to co-host South African Transmission Financing Seminar:

Wednesday, September 20, 2023

Minister in The Presidency for Electricity, Dr Kgosientsho Ramokgopa, is expected to co-host a Transmission Financing Seminar with the Johannesburg Stock Exchange (JSE) on Thursday.

The Minister will deliver a keynote address at the seminar.

According to a statement, the seminar is aimed at galvanising “discussions on the financing of South Africa’s Transmission Development Location, which seeks to expand, support and secure the sustainability of South Africa’s energy mix and electricity supply”.

“The development and expansion of South Africa’s electricity transmission infrastructure is a critical cog to enabling diverse energy solutions, which are geographically located in various parts of the country, to contribute to the country’s electricity grid.

“This will significantly strengthen and increase South Africa’s electricity supply and capacitate the energy sector in meeting global decarbonisation targets and ensuring South Africa’s long-term energy security and energy sovereignty,” the statement read.

Various industry stakeholders are expected to attend the seminar.

“The seminar will bring together government, energy industry veterans and potential private sector investors to engage in a critical conversation on South Africa’s transmission infrastructure requirements for long-term energy security; explore alternative funding mechanisms for maintaining, modernising and expanding the national grid and an exchange on international experience of countries that gain had similar challenges and what models were pursued to overcome these challenges,” the statement read. – SAnews.gov.za

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– MyZA

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The FNB Stadium: The “Calabash” of a Nation

While the original stadium was built in 1989, its current iconic form was the result of a massive reconstruction for the 2010 FIFA World Cup. The design, led by the architectural firm Boogertman + Partners, is deeply rooted in African symbolism. Its exterior is modeled after a calabash, the traditional African gourd or “melting pot.” The facade is composed of thousands of fiber-cement panels in eight different earth-toned colors, mimicking the fire and earth used to kiln the traditional pot. At night, the stadium is illuminated from below, creating the visual effect of a glowing fire beneath the “pot,” a symbol of the warmth and hospitality of the African continent.

The stadium’s capacity is a staggering 94,736, making it the largest stadium in Africa and the fourth largest in the world. But its significance transcends its scale. The site is a “theatre of history.” In 1990, just days after his release from 27 years of imprisonment, Nelson Mandela delivered his first speech to a massive, roaring crowd at the original FNB Stadium. It was here that he effectively signaled the beginning of the end of Apartheid. Decades later, in 2013, the same stadium hosted his memorial service, bringing the world together in a final farewell to “Madiba.”