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🚨🔴⚫️ BREAKING: AC Milan have SACKED Massimiliano Allegri. The coach leaves with immediate effect.

TIMELINE- THE RISE OF IPPs in SOUTH AFRICA. ▫️2008 Brian Dames became the chief officer of Eskom Generation. ▫️2009 Patrice Motsepe says Eskom electricity is too cheap and that was preventing independent power producers. ▫️2010 Brain Dames became CEO of Eskom. ▫️ 2011 first bid window for solar and wind projects to be funded by eskom. ▫️2012 Globeleq established HQ in Cape Town. Globeleq is the leading IPP company in Africa and is owned by the UK government. ▫️2012 Cyril Ramaphosa returns to frontline politics and is elected deputy president of the ANC. ▫️2014: 121 hours of load shedding recorded. ▫️ March 2014 Brian Dames resigns from Eskom ▫️Sept 2014 Brian Dames joins African Rainbow Minerals and Energy owned by Patrice Motsepe. ▫️ Dec 2014 Cyril Ramaphosa assigned to oversee the turnaround of Eskom in what was labelled the “war room.” ▫️2015 : 858 hours of load shedding ▫️ 2017: Cyril Ramaphosa wins ANC conference. ▫️ 2018: Cyril Ramaphosa becomes president of South Africa. 🔑 Pravin Gordhan appointed minister of Public Enterprises- overseeing Eskom. ▫️2018: 127 hours of load shedding ▫️2019: 528 hours of load shedding ▫️2020: 859 hours of load shedding ▫️2021: 1099 hours of load shedding ▫️2021: IPP bid window 5 ▫️ 2021 Ikamva Consortium - secured 12 of the 25 projects on offer. 🔑 info : The Ikamva Consortium includes Oslo-listed Aker Horizon's Mainstream, South African billionaire Patrice Motsepe's Africa Rainbow Energy & Power, local firm H1 Holdings and Globeleq, which the development finance institutions of Britain and Norway owns. ▫️2022 The National Energy Regulator of South Africa (Nersa) has awarded an electricity trading license to Remgro’s The Energy Exchange. Remgro is owned by Johann Rupert. ▫️2023: R41 billion spent by Eskom on IPPs which represents 27% of expenditure. Ipp’s only generated 8% of the power in 2023. 🔑 info: Between 1988 and 2007, electricity tariffs increased by 223%, whilst inflation over this period was 335%. ‼️From the 2008 there was a clear and sharp inflection point for electricity tariffs in South Africa. ‼️‼️‼️‼️ From 2008 to 2022, electricity tariffs increased by 653%, whilst inflation over this period was 129%. Thus, electricity tariffs increased four-fold (or quadrupled) in real money terms in 14 years. “Connect the dots” - Pravin Gordhan

“You cannot simultaneously have a welfare state and free immigration.” — Milton Friedman