Nersa plans to increase free electricity for low-income South Africans. Business Unusual -​ Nurturing an Inclusive Organisational Climate Amidst Political Noise

The Money Show

• Chris Yelland, Energy Analyst and MD at EE Business Intelligence, joins Bruce Whitfield to discuss how The National Energy Regulator of South Africa (Nersa) is negotiating with authorities to potentially increase the free electricity provided to low-income households. Currently, over 8 million households in South Africa benefit from the free basic electricity (FBE) program, receiving 50 kWh per month. At the end of May, Nersa approved a new rate for FBE, which municipalities must pay Eskom for supplying this free power. Starting July 1, the rate for the 2024/25 municipal financial year will be 194.40c/kWh, a 12.5% increase from the previous rate of 172.76c/kWh.
• Siobhan Redford, Economist at RMB takes host, Bruce Whitfield through The RMB/BER Business Confidence Index. It edged up ahead of the national election in May, with businesses in the country taking a wait-and-see approach to the country’s future now that the results have been declared.
• Siphiwe Moyo, Executive Director of the Organisational Behaviour Institute, joins Bruce Whitfield to discuss fostering an inclusive work environment amidst political noise. They explore strategies for leaders and HR to navigate sensitive topics, promote open dialogue, and create a sense of belonging and respect within diverse teams. Maintaining such an environment, especially during South African coalition talks, can enhance employee engagement, productivity, and overall organisational success.
• Bruce Whitfield profiles Zwelakhe Mnguni, the CIO of Benguela Global Fund Managers. Mnguni grew up in a squatter camp in Sebokeng, south of Johannesburg. After finishing school, he worked as a security guard for four years to save money for his education. Despite his humble beginnings and challenging circumstances, Mnguni pursued his dreams. Today, he is a co-founder of Benguela Global Fund Managers and serves as its chief investment officer, overseeing R7.2 billion in assets under management.

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