SOUTH AFRICAN COAL, CLIMATE CHANGE & R1,5 TRILLION DODGY WESTERN LOANS
Coal is a very important commodity to South Africa, our coal reserves are estimated to be at 53 billion tonnes and with our present production rate there should be almost 200 years of coal supply left under our earth.
Last year, 50.35 million tonnes were exported from here, although this was lower than the optimal export volumes, at an assumed average price of $300 per ton last year, SA exported R200-R283,7BN worth of coal out of the country from this very port.
Coal is a major economic driver for us.
The country’s coal mining industry employs over 87 000+ people, about 20.48 percent of total mining industry employment. Those same people earn between R24.7 – R30.71 billion in wages and salaries every year.
70% of the coal mined in South Africa is consumed domestically, only 30% is exported.
In South Africa, coal remains an essential component in the country’s energy mix, Coal accounts for about seventy 70% of our primary energy consumption, about 75% percent of our electricity generation and about 30% of petroleum liquid fuels.
Coal is SA’s highest foreign currency revenue earner
The sector generates about 10.13 percent of SA,s total foreign exchange earnings,
Just last year South Africa was given the greenlight that over the next 5 years it would receive an R163bn( $8,5 billion)… fund/ loan.
The story of Coal in SA is the story of Africa’s most industrialized economy fighting for its competitive industrial advantage in a world that is saying we should stop using our most important resource because they spent the last 100 years building their economies while messing up the planet and now we must all carry collective responsibility for fixing it while slowing down our progress and our development.
Additional Clips:
DW – https://youtu.be/AGTjKJHu99c?si=DsAAGmZoZFqE0aF1
Additional Reading/Research:
https://www.hellenicshippingnews.com/south-africas-coal-export-to-the-eu-up-582-7-during-2022/
https://www.miningweekly.com/article/bmi-expects-thermal-coal-price-to-trend-lower-for-2023-2023-08-25#:~:text=The%20new%20forecast%20remains%20markedly,of%20%24358%2Ft%20in%202022.
https://www.bloomberg.com/news/articles/2022-11-04/south-africa-to-use-bulk-of-8-5-billion-funding-for-electricity#:~:text=An%20investment%20plan%20published%20Friday,modernizing%20the%20electricity%2Ddistribution%20system.
https://www.saimm.co.za/Journal/v105n02p095.pdf
https://www.energy.gov.za/files/media/explained/south-african-coal-sector-report.pdf
http://www.citypopulation.de/en/southafrica/
https://law.uct.ac.za/mineral-law/articles/2023-02-15-transition-coal-renewables-south-africa-ready
https://www.statssa.gov.za/?p=12056
http://treasury.mpg.gov.za/documents/ea.PERO.2015-16.pdf
https://www.climatecommission.org.za/publications/sa-jet-ip
https://www.dailymaverick.co.za/opinionista/2023-07-10-a-hydrogen-economy-may-fuel-a-more-solid-development-drive-in-southern-africa/#:~:text=The%20abundant%20sunlight%20and%20Platinum,its%20high%20solar%20radiation%20levels.
https://www.oldmutual.co.za/articles/south-africas-future-energy-mix/
https://www.planete-energies.com/en/media/article/what-power-generation-mix#:~:text=generation%20mix%20(also%20known%20as,in%20a%20given%20geographic%20region.
https://www.eia.gov/energyexplained/us-energy-facts/
https://www.csir.co.za/sites/default/files/Documents/Statistics%20of%20power%20in%20SA%202022-CSIR-%5BFINAL%5D.pdf
https://www.exchangerates.org.uk/USD-ZAR-spot-exchange-rates-history-2013.html#:~:text=This%20is%20the%20US%20Dollar,ZAR%20on%2001%20Jan%202013.
https://mybroadband.co.za/news/energy/381706-eskom-load-shedding-from-2000-to-2020.html
Other Sources are stated in the video text.
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You are an important force my brother 🙌🏾🇿🇦
What changed between 2017 and 2020 is that we got a new president,enter Cyril (thuma mina) Ramaphosa,that's what changed..
Big up to you, great content
Climate change is not real!😒
South africa is playing games with their BRICS partners, this neutrality is absolutely nonsense.
Would not waste time to listen to n😅sense what have these people achieved in 30 yrs ZERO
30 minutes of pure facts and no agenda. You should be proud of what you are doing. This is Gold
Sir, I disagree with your nuclear option as a source for our energy. Part of the top regions for solar is south and northern part of Africa. 10 acres of land will give 1 MW. We have lithium and sodium batteries that we can produce with the assistance of the Chinese. I agree wholesomely with your overview of the coal sector. Imagine the Nigerian problem with oil. Every leader after "independence" have been representatives of our western friends rather than for the people and land. All military coups are in Africa for a reason. A question to you. Would you support Hon Malema as an option against status quo?
We have to understand that these politicians are tenderpreneurs, these billions are going into their pockets. They will leave us with all this debt when they retire
South Africa has perfected the burning of coal to produce electricity. Matimba PS is evidence of the technological breakthroughs that we can achieve because WE KNOW COAL. We have brilliant subject matter experts who have been advising of technologies that enable us to burn coal with ZERO emissions. The countless number of commodities that we produce from a lump of coal? Down the drain. Cry my beloved country ke sana. We greatly appreciate the informative videos Zimasa. Keep them coming!
you know, i never thought of it like this , i just saw how it could be of benefit to me well not only me but i forgot about the economy.
Great content Mooshtaffa.how do we get this information to the very same mine workers that will be affected and the community at large. Unfortunately these decisions are made for us by power hungry folks
You need to go and sit at the international airports and see who rolls in and out there.
Want to know where all the money is going.
They are making sure africa doesnt develop to its highest potential..Voting for anc is like bringing idlozi elibi to the family
Your research is so on point mfana, uyitye yonke mfana. Enkosi bro
Watched this while washing the dishes and it was mind blowing. I'm an Undergrad electrical engineer currently and install domestic roof top solar for my practicals and I've always known in the back of my head that panels, inverters and batteries are not the answer but a temporary fix.
You are spot on when it comes to SA national interest, coal is cheap and abandant and that is what we must use to keep energy in SA cheap and thus maintaining the countries competitiveness.
If you get the time to read my comment I would like to point you to some of the Green Energy Policy that the EU is undertaking and why South Africa NEEDS to go green to maintain favourable trade relations with the EU so it's not all bad but at the same time South Africa must maintain its 'dirty energy' sources and also expand on the renewable side.
Lastly NGOs and SA biased media are the unelected government. I remember the protests against Zumas attempt to introduce Nuclear from the Russians and the protests against fracking off the coast of Western Cape. I was young and naive at the time and thought it was right. Knowing what I know now as you've correctly put it, we have lost a huge opportunity in exploring this avenue and adding these sources to South Africas energy mix.
The main reason I don’t trust nuclear in South Africa is: we don’t have the money to clean it up if the power plant ever fails. You could say it won’t fail because we have the skills to make sure everything goes well and to that I say. What is the likelyhood that they’ll hire competent individuals to that position to manage that facility
you are really smart i would love to have a conversation with you oneday
Man watching the short format of your content on insta, and the smooth transition to YouTube 👌🏽
South Africa doesn't need any money from the West to diversify its energy portfolio. Take the $8.6B and invest it in re-education and training and actually collect the $55M a month that is stolen thru Eskom. Stop blaming the West. You don't want to deal with the West's demands? Fine! Then you just need to replace the $25B a year in trade (services and goods) that you enjoy a $9B surplus with America alone (Your largest trading partner). So you want Russia to build your Nuclear Plants cool! What will you trade with Russia to replace what you get from NATO countries? What can Russia offer you as a trade partner?
Comparing the US energy policy with South Africa's is a joke and not even a place to begin a serious discussion.
What i love most is your ability to explain things from scratch and take it deeper,i love your work God bless you.
Thank you man!! this is so informative umona phantsi
It's crucial that we engage in a thoughtful discussion about the future of energy in South Africa. I echo Zamisa's sentiment that our country's dependence on coal is a significant factor, especially considering the economic implications and job losses associated with closing coal plants. I'm interested to hear the perspectives of both the department and the government on this matter. Transitioning to new energy sources is essential, but it should be done in a way that considers the socio-economic impact and job sustainability. Let's hope for a comprehensive and sustainable energy strategy that aligns with both environmental goals and the well-being of our workforce.
Do you by any chance want to be president?
You're necessary my king.
Ironically watching this 20 mins before load shedding hits
Coal needs to go. Even Europe imported more than it used. It now has stranded coal. The future is coal-less. We need clean air. China is building renewable energy at record speed.
Okay why are you not part of government as part of our youth leaders.. I mean we need guys like you in there! Keep up the good work my brother!
Solar energy and most of the other so called "green energy" is nothing other than a trojan horse. It makes developing countries dependent on other countries who manufacture these technologically advanced equipment. We do not manufacture our own components if the foreign countries halt their tech exports we are sitting ducks.
Coal is a declining assets no one will want it by 2050
lol longest intro ever
zuma wwas right we were led to believe he was the worst thing to ever happen to south africa. keep up the great content bro
A young man actually exposing the facts – there's still some hope if only more people would listen.
I've been saying the same thing for years "We have been sold to the collective West"! BRICS is nothing but an after thought to the ANC, rather than a reality and a means of getting out of oppression.
Thoroughly enjoyed the video. But can you make it downloadable ?
Bathathe Zimase 👏🏾👏🏾👏🏾👏🏾👏🏾🔥🔥🔥🔥🔥🔥🔥
the execution is amazing most people allow themselves to be sold the false narrative that green is viable in our economy and the best move.
Loud and clear to those who want the truth. Let’s share this to reach every SAn pro progress and better future for generations to come in this country / continent and so others when needed (as we are known to help internationals anyway 😊). Well articulated Zimasa.
My you 💯%right USA and EU want to destroy SA under dept trap because God gave us coal to survive, after 400years of looting diveloping their countrys know we must change, no no it's a game USA uses laser beam to create those climate change like in Maaumi wild fires just to build smart City
Well researched and very informative, the production quality is top notch 👌👌😎😎 you just earned yourself a subscriber. We appreciate your hard work and we as South Africans should be vocal about what happens in our country, the majority of the citizens are sheep and oblivious to what's happening when the western countries exploit us.
climate change is a scam. nothing new under the sun
Interesting video. I have a different thought looking from the understanding that the electricity shortage is man made. Even if we add more electricity, they will make a way to bring back loadshedding. We just have to fix and renew our current infrastructure as it already has more capacity than what the country needs if it is fully operational. I believe this is a more cost-effective. As we renew the current infrastructure we need to diversify our energy source (nuclear, gas and green energy )and reduce reliance on coal.
One thing that the government should use coal more to produce petrol and move away from oil based petrol. This will reduce affects of global oil market and increase export of our coal based fuel. Lets use what we have.
Honest question, with all this coal why is there a shortage of electricity/loadshedding? Is that a management issue rather than a lack of resources issue?
And your content is brilliant by the way -keep it up👍
Very insightful video in which you raise pertinent points on the social cost of the energy transition and the West's hypocrisy on decarbonisation. I disagree however that wind and solar power are unreliable as their reliability can be improved by the inclusion of grid scale batteries and incorporating smart grids.
SA has very good wind and solar resources and you will find that they can deliver cheaper electricity than by burning coal.