Anthropic is making a massive bet that AI will transform the global economy more profoundly than industrialisation, electricity and the internet, according to its IPO prospectus. But the cost of getting there will be staggering. Anthropic reported a net loss of US$42-billion in 2025, and plans to spend $518-billion on cloud, computing and infrastructure obligations…
A portion of the rapidly expanding Teraco data centre complex in Isando, east of Johannesburg Teraco consumed 399.3GWh of electricity in 2025, more than three times what it used in 2021, according to the data centre operator’s latest sustainability report. Its ability to keep that growth from placing additional demand on South Africa’s coal-heavy grid…
Eskom reported a R30.3-billion profit for the year to 31 March, but a larger sum than that never reached the income statement at all. Outgoing group chief financial officer Calib Cassim set out the arithmetic at Monday’s results presentation. Eskom, he said, lost 13.1TWh of electricity to theft during the year – power that was…
Eskom chairman Mteto Nyati Eskom more than doubled its profit in the year to 31 March 2026, reporting net profit after tax of R30.3-billion against R14-billion the year before. It is the utility’s second consecutive annual profit after eight years of losses. Revenue rose 4.1% to R354.7-billion, earnings before interest, tax, depreciation and amortisation climbed…
Energy minister Kgosientsho Ramokgopa Energy regulator Nersa will be required to publish a rolling 10-year electricity price forecast, and Eskom and municipalities will be barred from recovering unpaid customer debt through tariffs, under a revised pricing policy that goes out for public comment on Friday. Energy minister Kgosientsho Ramokgopa outlined the revised electricity pricing policy…
Artificial intelligence could increase Sub-Saharan Africa’s economic output by about four percent over the next decade, but only if governments make substantial investments in electricity, internet connectivity and digital skills, the International Monetary Fund said in a report released Tuesday. Without those reforms, the region would capture only marginal gains from the AI revolution, with…
City Power says people are stealing electricity by bypassing smart meters. (Picture: Moritz R | Unsplash) Joburg’s power utility, City Power, has paused converting postpaid to prepaid meters as it admits to billing issues, stating it needs to audit its customer database to identify customers who are getting free power. In a statement issued by…
Sub-Saharan Africa accounted for 86% of the global electricity access gap in 2024, with 563 million people still living without power, according to the Tracking SDG7: The Energy Progress Report 2026. The report, published by the International Energy Agency, the International Renewable Energy Agency and the World Bank, said 655 million people worldwide lacked electricity…
At a time when energy security and affordability have risen to the top of the development agenda, 655 million people globally still lack access to electricity, and two billion use polluting fuels and technologies for cooking putting their health and well-being at risk. Sub-Saharan Africa bears a disproportionate share of these gaps, with over 560…
Only about 57% of the people in Africa have access to electricity, the vast majority of them in sub-Saharan Africa. To meet the United Nations goal of everyone having access to affordable electricity by 2030, African countries will need to rapidly expand electricity generation. However, generating more electricity will have an effect on available water…
