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Amidst Eskom stumbles oil and gas activity lit up the skies in 2023

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Amidst Eskom stumbles oil and gas activity lit up the skies in 2023

Amidst Eskom stumbles oil and gas activity lit up the skies in 2023 . The burden of load shedding has cast a shadow over South Africa for 17 years, severely affecting the economy. The South African Reserve Bank reports a 1.8% reduction in GDP in 2023 alone, with a cumulative loss of 15.3% over the past three years.

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Economic Shifts as South Africa Slips in Rankings

Once Africa’s leading economy, South Africa now stands third, trailing behind Egypt and Nigeria. The outdated electricity grid accelerates this decline, contributing to a challenging economic landscape.

Resilience Through Solar Investment

Private sector initiatives in solar energy have been a game-changer, contributing approximately 4,400 megawatts by June 2023. This shift not only alleviates pressure on Eskom but also positions solar as a crucial player in South Africa’s energy landscape.

Eskom Diminishing Role in the Energy Discourse

Eskom, once a powerhouse in energy generation, faces marginalization in the energy dialogue. The private sector’s interventions signal a potential decline in Eskom’s monopoly over the next decade.

Revitalization of Fuel Refining Capacity and Global Business Dynamics

The energy sector’s narrative extends beyond Eskom’s struggles. Notable developments include the revival of fuel refining capacity, with Astron Energy and PetroSA partnering to restart refineries in Cape Town and Mossel Bay.

Vibrancy in Mergers and Acquisitions

The past year witnessed a surge in mergers and acquisitions within South Africa’s energy sector. Oil majors exiting certain local businesses created opportunities for new investors, breathing new life into the industry.

Diverse Energy Sources and Infrastructure Improvements

South Africa boasts abundant energy sources—coal, gas, petroleum, and renewables. Infrastructure upgrades, including plans to restart major refineries, indicate positive strides in the country’s energy landscape.

Noteworthy Events in the Energy Sector Throughout 2023

February: Vitol acquires a majority stake in Engen, marking a significant shift in Africa’s energy business dynamics.

April: The decision to reopen the Astron Energy Refinery and Glencore’s plans to relaunch its Cape Town oil refinery signal a positive turn for South Africa’s fuel refining capacity.

May: Fracking reenters the energy agenda, with plans to auction onshore blocks for shale gas development in the Karoo region, aiming to diversify energy sources.

August: Kinetiko Energy discovers a substantial gas deposit in Mpumalanga, contributing to South Africa’s onshore liquefied natural gas (LNG) project.

November: The draft South African National Petroleum Company Bill proposes a state-owned entity focusing on oil and gas exploration, reflecting a strategic shift in energy governance.

December: South Africa’s plans to procure 2,500MW of new nuclear energy by 2032 or 2033 and the partnership with Russia’s Gazprombank for PetroSA’s Mossel Bay refinery underscore diverse energy strategies.

This comprehensive overview highlights South Africa’s energy landscape, showcasing both challenges and opportunities that have unfolded throughout 2023

Conclusion

In 2023, South Africa faces economic strain from prolonged load shedding, but dynamic shifts in the energy sector, including solar investment and global partnerships, offer promising avenues for revitalization.

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Eskom

New Vacancies at Eskom

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New Vacancies at Eskom

New Vacancies at Eskom. Eskom, a leading energy provider, is seeking Storeperson Warehousing x2 to join their team in South Africa (Limpopo). Applicants must have NCV4/NSC3/Grade 12 at NQF Level 4 with 120 Credits and 2 years of relevant experience. Apply by 26 March 2024.

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Minimum Requirements

  • Qualifications: NCV4/NSC3/Grade 12 at NQF Level 4 with 120 Credits
  • Experience: 2 years Stores and Stock management related experience

Skills and Competencies

  • Behavioural: Accountable, Proactive, Punctual, Consistent, Integrity, Honesty, Trustworthiness, Professionalism
  • Leadership: Team player, Motivating teams, Coaching, Mentoring, Developing
  • Knowledge: OHSA, Industrial Relations, Quality Control, Principles of Inventory Management, Legal Liability
  • Skills: Operate Material Handling equipment, Problem solving, Computer Literacy including SAP, Communication, Warehousing skills Program-Internal course
  • Attributes: High Level of Mobility, Physical attributes; No Mental or Physical constraints
  • Assessment: Industrial relations, Communication, Computing, Principles of Inventory Management, OHSA, Behavioural Competencies

Key Responsibilities

  • Perform Warehouse activities
  • Receiving function
  • Storage function
  • Issuing function
  • Conduct preservation activities
  • Operate the materials handling equipment as and when required
  • Adhere to the OHS act and health and Safety regulations
  • Perform administrative activities

Don’t miss this opportunity to join Eskom. Apply now and be a part of a dynamic team shaping the future of energy. View more jobs and apply at the Eskom careers page

Conclusion

Don’t miss out on the chance to join Eskom’s team and contribute to effective warehouse operations. Apply now to seize this opportunity for career growth and development.

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