IBOV 173,768.17 ▼ 0.03% IPSA 10,913.99 ▼ 0.31% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,187,056 ▲ 0.06% COLCAP 2,287.57 ▲ 0.11% BVL PERÚ 57,220.16 — — USD/BRL5.11▲ 0.15% USD/MXN17.53▲ 0.61% USD/CLP933.42▲ 0.91% USD/COP3,257▲ 0.81% USD/PEN3.39▲ 0.23% USD/ARS1,478▲ 0.17% USD/UYU40.23▲ 1.74% USD/PYG6,032▲ 1.81% USD/BOB10.65▲ 4.37% USD/DOP58.24▲ 1.37% USD/CRC446.12▲ 1.44% USD/GTQ7.62▲ 2.73% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.87% USD/TTD6.74▲ 1.70% EUR/BRL5.84▲ 0.15% BRENT 87.81 ▲ 4.25% WTI 81.43 ▲ 3.14% IRON ORE 161.91 — — COPPER 6.25 ▼ 0.67% GOLD 4,011 ▲ 0.62% SILVER 56.19 ▲ 0.52% SOY 1,203 ▲ 0.63% CORN 468.25 ▲ 6.06% WHEAT 684.75 ▲ 1.48% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.35 ▲ 4.15% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.63 ▼ 2.84% CATTLE 339.08 ▼ 2.17% LITHIUM 68.33 ▼ 0.77% PETR4 40.83 ▲ 2.36% VALE3 72.64 ▼ 0.47% ITUB4 41.89 ▼ 1.55% BBDC4 18.23 ▼ 0.98% ABEV3 15.53 ▼ 0.45% BBAS3 20.36 ▼ 1.93% B3SA3 15.21 ▼ 1.17% WEGE3 43.47 ▼ 0.05% PRIO3 57.66 ▲ 1.53% SUZB3 41.90 ▲ 0.48% RENT3 37.91 ▼ 2.44% AZZA3 18.41 ▼ 0.65% CSAN3 3.84 ▼ 1.03% RAIZ4 0.28 ▼ 3.45% PCAR3 2.57 ▼ 0.77% GMAT3 3.91 ▼ 0.26% PSSA3 54.97 ▼ 0.45% CVCB3 1.26 ▼ 6.67% POSI3 3.77 ▼ 2.84% SLCE3 13.51 ▼ 0.73% NATU3 8.55 ▼ 0.12% BRKM5 6.23 ▲ 2.13% RANI3 7.95 ▼ 1.61% CSNA3 5.04 ▼ 1.18% CMIN3 5.33 ▼ 2.20% USIM5 8.23 ▲ 4.18% GGBR4 24.02 ▲ 0.46% ENEV3 25.76 ▼ 0.73% CPFE3 46.99 ▼ 0.42% CMIG4 11.18 ▲ 0.81% EQTL3 39.50 ▼ 0.88% LREN3 13.38 ▼ 1.98% VIVT3 35.57 ▲ 0.28% RAIL3 13.69 ▼ 1.72% KLABIN 17.54 ▲ 1.04% RAIA DROGASIL 18.41 ▼ 0.59% RDOR3 35.61 ▼ 0.72% HAPV3 11.40 ▲ 4.11% FLRY3 16.60 ▲ 1.10% SMTO3 15.47 ▼ 1.59% UGPA3 32.03 ▲ 0.13% VBBR3 34.97 ▲ 1.75% BBSE3 40.84 ▼ 0.83% BPAC11 56.19 ▼ 0.71% CURY3 30.72 ▼ 1.82% AERI3 2.03 ▲ 0.50% VIVARA 22.53 ▼ 3.51% COMPASS 24.84 ▼ 0.28% VAMOS 3.19 ▲ 0.95% SANB11 26.65 ▼ 0.67% ASAI3 8.39 ▼ 1.99% SBSP3 29.30 — 0.00% WALMEX 49.59 ▲ 0.06% GMEXICO 200.05 ▲ 0.41% FEMSA 224.59 ▼ 0.21% CEMEX 22.67 ▼ 0.48% GFNORTE 180.39 — 0.00% BIMBO 58.00 ▲ 0.14% TELEVISA 9.62 ▲ 1.16% AMX 23.16 ▲ 1.67% GAP 386.82 ▼ 1.26% ASUR 279.01 ▼ 0.69% OMA 229.82 ▼ 1.40% KOF 180.26 ▲ 0.73% GRUMA 286.19 ▼ 0.06% KIMBER 38.58 ▼ 0.52% SQM-B 65,000 ▼ 1.59% COPEC 6,225 ▲ 1.62% BSANTANDER 77.31 ▼ 1.09% FALABELLA 5,879 ▲ 0.45% ENELAM 84.60 ▼ 0.24% CENCOSUD 1,999 ▼ 0.28% CMPC 1,079 ▲ 0.47% BANCO CHILE 188.20 ▼ 0.36% LATAM AIR 24.74 ▼ 2.60% YPF 77,725 ▲ 2.17% GGAL 7,790 ▼ 0.95% PAMPA 5,175 ▲ 1.27% TXAR 662.00 — 0.00% ALUAR 954.50 ▲ 1.54% TGS 9,320 ▼ 0.69% CEPU 2,257 ▼ 0.13% MIRGOR 16,800 ▲ 0.30% COME 43.80 ▼ 1.48% LOMA NEGRA 3,500 ▼ 1.62% BYMA 297.25 ▼ 1.41% TELECOM ARG 4,130 ▼ 1.20% ECOPETROL 16.03 ▲ 1.46% BANCOLOMBIA 80.11 ▲ 0.81% GRUPO AVAL 4.94 ▼ 0.60% CREDICORP 391.03 ▲ 0.93% SOUTHERN COPPER 172.28 ▼ 1.93% BUENAVENTURA 30.10 ▼ 0.23% MERCADOLIBRE 1,817 ▼ 2.16% NUBANK 13.62 ▼ 1.27% XP 16.70 ▲ 0.09% PAGSEGURO 9.07 ▼ 0.93% STONE 11.10 ▼ 0.94% GLOBANT 32.26 ▲ 0.19% TECNOGLASS 45.62 ▼ 2.59% GAP AIRPORT 220.60 ▼ 2.07% ASUR 279.01 ▼ 0.69% OMA AIRPORT 104.85 ▼ 2.20% AMX ADR 26.40 ▲ 0.99% FEMSA ADR 128.27 ▼ 0.94% CEMEX ADR 12.92 ▼ 1.37% PETROBRAS ADR 17.92 ▲ 2.55% VALE ADR 14.17 ▼ 0.35% ITAU ADR 8.20 ▼ 1.21% SANTANDER BR 5.23 ▼ 1.13% AMBEV ADR 3.02 ▼ 0.98% CSN 0.99 ▼ 0.91% GERDAU 4.73 ▲ 0.11% LATAM ADR 52.77 ▼ 0.77% BTC 64,057 ▲ 0.42% ETH 1,840 ▼ 1.24% SOL 74.98 ▼ 0.39% XRP 1.09 ▲ 0.09% BNB 566.45 ▼ 1.00% ADA 0.17 ▲ 3.01% DOGE 0.07 ▲ 0.32% AVAX 6.57 ▲ 0.98% LINK 8.22 ▼ 1.40% DOT 0.85 ▼ 0.56% LTC 45.02 ▲ 0.17% BCH 219.86 ▼ 0.79% TRX 0.32 ▼ 0.14% XLM 0.19 ▲ 0.70% HBAR 0.07 ▼ 0.84% NEAR 1.92 ▼ 2.37% ATOM 1.51 ▲ 0.35% AAVE 90.45 ▼ 0.75% SELIC 14.25% EMBRAER 81.89 ▲ 0.15% EMBRAER ADR 64.12 ▼ 0.39% JBS 11.80 ▼ 1.95% JBS BDR 60.21 ▼ 2.10% MBRF3 14.97 ▼ 2.09% MBRFY 2.89 ▼ 1.37% INTER 5.37 ▼ 3.16% EGX 52,928 ▲ 0.70% USD/ZAR16.52▲ 0.57% USD/NGN1,378▼ 0.20% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY162.46▲ 0.04% USD/CNY6.78▲ 0.03% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD1.14▼ 0.03% GBP/USD1.35▼ 0.64% SPX 7,458 ▼ 1.00% DJI 52,150 ▼ 0.77% NDX 28,632 ▼ 1.36% RUT 2,953 ▼ 0.73% TSX 35,162 ▼ 0.50% VIX 18.80 ▲ 12.37% USD/CAD1.40▼ 0.23% US10Y 4.5410 ▼ 0.61% IBOV 173,768.17 ▼ 0.03% IPSA 10,913.99 ▼ 0.31% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,187,056 ▲ 0.06% COLCAP 2,287.57 ▲ 0.11% BVL PERÚ 57,220.16 — — USD/BRL 5.11 ▲ 0.15% USD/MXN 17.53 ▲ 0.61% USD/CLP 933.42 ▲ 0.91% USD/COP 3,257 ▲ 0.81% USD/PEN 3.39 ▲ 0.24% USD/ARS 1,478 ▲ 0.17% USD/UYU 40.23 ▲ 1.74% USD/PYG 6,032 ▲ 1.81% USD/BOB 10.65 ▲ 4.37% USD/DOP 58.24 ▲ 1.37% USD/CRC 446.12 ▲ 1.44% USD/GTQ 7.62 ▲ 2.73% USD/HNL 26.73 ▲ 1.94% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.87% USD/TTD 6.74 ▲ 1.70% EUR/BRL 5.84 ▲ 0.15% BRENT 87.81 ▲ 4.25% WTI 81.43 ▲ 3.14% IRON ORE 161.91 — — COPPER 6.25 ▼ 0.67% GOLD 4,011 ▲ 0.62% SILVER 56.19 ▲ 0.52% SOY 1,203 ▲ 0.63% CORN 468.25 ▲ 6.06% WHEAT 684.75 ▲ 1.48% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.35 ▲ 4.15% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.63 ▼ 2.84% CATTLE 339.08 ▼ 2.17% LITHIUM 68.33 ▼ 0.77% PETR4 40.83 ▲ 2.36% VALE3 72.64 ▼ 0.47% ITUB4 41.89 ▼ 1.55% BBDC4 18.23 ▼ 0.98% ABEV3 15.53 ▼ 0.45% BBAS3 20.36 ▼ 1.93% B3SA3 15.21 ▼ 1.17% WEGE3 43.47 ▼ 0.05% PRIO3 57.66 ▲ 1.53% SUZB3 41.90 ▲ 0.48% RENT3 37.91 ▼ 2.44% AZZA3 18.41 ▼ 0.65% CSAN3 3.84 ▼ 1.03% RAIZ4 0.28 ▼ 3.45% PCAR3 2.57 ▼ 0.77% GMAT3 3.91 ▼ 0.26% PSSA3 54.97 ▼ 0.45% CVCB3 1.26 ▼ 6.67% POSI3 3.77 ▼ 2.84% SLCE3 13.51 ▼ 0.73% NATU3 8.55 ▼ 0.12% BRKM5 6.23 ▲ 2.13% RANI3 7.95 ▼ 1.61% CSNA3 5.04 ▼ 1.18% CMIN3 5.33 ▼ 2.20% USIM5 8.23 ▲ 4.18% GGBR4 24.02 ▲ 0.46% ENEV3 25.76 ▼ 0.73% CPFE3 46.99 ▼ 0.42% CMIG4 11.18 ▲ 0.81% EQTL3 39.50 ▼ 0.88% LREN3 13.38 ▼ 1.98% VIVT3 35.57 ▲ 0.28% RAIL3 13.69 ▼ 1.72% KLABIN 17.54 ▲ 1.04% RAIA DROGASIL 18.41 ▼ 0.59% RDOR3 35.61 ▼ 0.72% HAPV3 11.40 ▲ 4.11% FLRY3 16.60 ▲ 1.10% SMTO3 15.47 ▼ 1.59% UGPA3 32.03 ▲ 0.13% VBBR3 34.97 ▲ 1.75% BBSE3 40.84 ▼ 0.83% BPAC11 56.19 ▼ 0.71% CURY3 30.72 ▼ 1.82% AERI3 2.03 ▲ 0.50% VIVARA 22.53 ▼ 3.51% COMPASS 24.84 ▼ 0.28% VAMOS 3.19 ▲ 0.95% SANB11 26.65 ▼ 0.67% ASAI3 8.39 ▼ 1.99% SBSP3 29.30 — 0.00% WALMEX 49.59 ▲ 0.06% GMEXICO 200.05 ▲ 0.41% FEMSA 224.59 ▼ 0.21% CEMEX 22.67 ▼ 0.48% GFNORTE 180.39 — 0.00% BIMBO 58.00 ▲ 0.14% TELEVISA 9.62 ▲ 1.16% AMX 23.16 ▲ 1.67% GAP 386.82 ▼ 1.26% ASUR 279.01 ▼ 0.69% OMA 229.82 ▼ 1.40% KOF 180.26 ▲ 0.73% GRUMA 286.19 ▼ 0.06% KIMBER 38.58 ▼ 0.52% SQM-B 65,000 ▼ 1.59% COPEC 6,225 ▲ 1.62% BSANTANDER 77.31 ▼ 1.09% FALABELLA 5,879 ▲ 0.45% ENELAM 84.60 ▼ 0.24% CENCOSUD 1,999 ▼ 0.28% CMPC 1,079 ▲ 0.47% BANCO CHILE 188.20 ▼ 0.36% LATAM AIR 24.74 ▼ 2.60% YPF 77,725 ▲ 2.17% GGAL 7,790 ▼ 0.95% PAMPA 5,175 ▲ 1.27% TXAR 662.00 — 0.00% ALUAR 954.50 ▲ 1.54% TGS 9,320 ▼ 0.69% CEPU 2,257 ▼ 0.13% MIRGOR 16,800 ▲ 0.30% COME 43.80 ▼ 1.48% LOMA NEGRA 3,500 ▼ 1.62% BYMA 297.25 ▼ 1.41% TELECOM ARG 4,130 ▼ 1.20% ECOPETROL 16.03 ▲ 1.46% BANCOLOMBIA 80.11 ▲ 0.81% GRUPO AVAL 4.94 ▼ 0.60% CREDICORP 391.03 ▲ 0.93% SOUTHERN COPPER 172.28 ▼ 1.93% BUENAVENTURA 30.10 ▼ 0.23% MERCADOLIBRE 1,817 ▼ 2.16% NUBANK 13.62 ▼ 1.27% XP 16.70 ▲ 0.09% PAGSEGURO 9.07 ▼ 0.93% STONE 11.10 ▼ 0.94% GLOBANT 32.26 ▲ 0.19% TECNOGLASS 45.62 ▼ 2.59% GAP AIRPORT 220.60 ▼ 2.07% ASUR 279.01 ▼ 0.69% OMA AIRPORT 104.85 ▼ 2.20% AMX ADR 26.40 ▲ 0.99% FEMSA ADR 128.27 ▼ 0.94% CEMEX ADR 12.92 ▼ 1.37% PETROBRAS ADR 17.92 ▲ 2.55% VALE ADR 14.17 ▼ 0.35% ITAU ADR 8.20 ▼ 1.21% SANTANDER BR 5.23 ▼ 1.13% AMBEV ADR 3.02 ▼ 0.98% CSN 0.99 ▼ 0.91% GERDAU 4.73 ▲ 0.11% LATAM ADR 52.77 ▼ 0.77% BTC 64,057 ▲ 0.42% ETH 1,840 ▼ 1.24% SOL 74.98 ▼ 0.39% XRP 1.09 ▲ 0.09% BNB 566.45 ▼ 1.00% ADA 0.17 ▲ 3.01% DOGE 0.07 ▲ 0.32% AVAX 6.57 ▲ 0.98% LINK 8.22 ▼ 1.40% DOT 0.85 ▼ 0.56% LTC 45.02 ▲ 0.17% BCH 219.86 ▼ 0.79% TRX 0.32 ▼ 0.14% XLM 0.19 ▲ 0.70% HBAR 0.07 ▼ 0.84% NEAR 1.92 ▼ 2.37% ATOM 1.51 ▲ 0.35% AAVE 90.45 ▼ 0.75% SELIC 14.25% EMBRAER 81.89 ▲ 0.15% EMBRAER ADR 64.12 ▼ 0.39% JBS 11.80 ▼ 1.95% JBS BDR 60.21 ▼ 2.10% MBRF3 14.97 ▼ 2.09% MBRFY 2.89 ▼ 1.37% INTER 5.37 ▼ 3.16% EGX 52,928 ▲ 0.70% USD/ZAR 16.52 ▲ 0.85% USD/NGN 1,378 ▲ 0.02% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY 162.46 ▲ 0.07% USD/CNY 6.7755 ▲ 0.18% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD 1.1439 ▼ 0.04% GBP/USD 1.3454 ▼ 0.19% SPX 7,458 ▼ 1.00% DJI 52,150 ▼ 0.77% NDX 28,632 ▼ 1.36% RUT 2,953 ▼ 0.73% TSX 35,162 ▼ 0.50% VIX 18.80 ▲ 12.37% USD/CAD 1.4011 ▼ 0.20% US10Y 4.5410 ▼ 0.61%
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Africa Southern Africa

Election Highlights Energy Woes in South Africa

By · March 15, 2024 · 2 min read

Africa Intelligence

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Gearing up for their most significant election since the end of apartheid on May 29, South Africans focus on the country’s pressing energy challenges.

For over thirty years, the African National Congress (ANC) has been at the helm, dominating elections since 1994.

But this year, under President Cyril Ramaphosa, the party faces hurdles. The core issue? A failing power system.

Recent polls suggest the ANC’s support could dip below half. A significant 24% of its former voters might look elsewhere, frustrated by frequent blackouts.

Such blackouts raise the possibility of a coalition government in South Africa.

Election Highlights Energy Woes in South Africa. (Photo Internet reproduction)
Election Highlights Energy Woes in South Africa. (Photo Internet reproduction)
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The ANC might join forces with the Economic Freedom Fighters. Or, the Democratic Alliance could try to lead without the ANC.

Whoever takes charge will confront daunting energy problems. Shawn Duthie of Control Risks points out, “Easy solutions to end blackouts are not available.”

Decades of oversight failures and poor management, especially by the state-owned utility Eskom, have led to a power crisis.

Corruption and inefficiency have worsened matters, making blackouts a regular annoyance.

In response, the government has pursued energy reforms. It has boosted wind and solar power and eased some solar panel regulations.

These steps have marginally lessened blackout hours. Yet, it’s uncertain if this will sway voters.

Coalition governments may struggle to implement reforms. The ANC’s internal divisions and resistance from groups like the EFF could slow progress.

The forthcoming administration must seek private investment in energy and enhance the power grid.

Cutting through bureaucratic hurdles and potentially partnering with private entities could be key.

Addressing South Africa’s energy dilemma requires patience and collective effort.

The imminent election is crucial, with energy policy and effective leadership at its heart. Voters’ decisions will shape the country’s approach to resolving its energy crisis.

Part of our ongoing coverage

Africa: The New Scramble — the great-power contest over the continent.

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