[ððððð ððððð]: ð¹ðððððð ð·ðð ââðððð â ððð ðð¢ðð [Simple Money Goals]( [Simple Money Goals]( [Simple Money Goals]( A note from the Editor: Simple Money Goals is dedicated to providing readers like you with unique opportunities. The message below from one of our business associates is one we believe you should take a serious look at. [devider] Florida man pulls up to the service station⦠âHacksâ gas pump... And then THÐS happens: [JCF Gas Pump]( [СlÑÑk hеre to watÑh!]( It "will take years" to get energy prices back to pre-Ukraine war levels, the boss of one of the world's biggest energy firms has told the BBC. Enel's Francesco Starace said bringing prices down depends on new sources of energy such as renewables and heat pumps. Governments across Europe are spending billions helping business and households afford energy bills. They are also scrambling to secure new supplies. Mr Starace said the company, which produces and distributes electricity and gas, tried to shield its 20 million European customers from energy market volatility this year. It did its best to stick to the fixed-price contracts it had agreed, he said. Breaking customer trust would inflict greater damage on the firm than a hit on one year's results, he said. The Italian energy giant sells power to more than 70 million homes and businesses in over 30 countries. Germany helps pay energy bills as prices soar High UK energy bills blamed on decades of mistakes Why is there a global energy crisis? But Enel is planning to leave many of those countries as it focuses on renewable energy and becoming carbon neutral by 2040. It also wants to cut its huge debts of around $63bn (£52bn). It is investing heavily in making solar panels as it expands an existing factory in Sicily and builds a new one in the US. Enel CEO Francesco Starace IMAGE SOURCE,GETTY IMAGES Image caption, Enel's Francesco Starace says that new supplies of renewable energy are key to cutting prices Soaring energy prices have been the biggest contributor to inflation and the cost of living crisis in the UK, the US and the eurozone. The global energy crisis triggered by Russia's invasion of Ukraine "showed very clearly how dependence on one single source of energy is dangerous for Europe", Mr Starace said. The future will be "extremely decarbonised" and depend on nuclear and renewable energy, he said. However, that shift to renewables also has risks. In July, the International Energy Agency said that China's dominance of solar and wind turbine production creates "potential challenges that governments need to address". Mr Starace said the West has been over-reliant on China for renewables and other goods. "Some rebalancing needs to be happening because it is healthy," he said, when asked about geopolitical tensions interfering with energy supplies. This has helped drive Enel's investment in solar panels, although the expansion of the Sicilian factory will still meet only 10% of Europe's needs, he said. Media caption, Watch: Ros Atkins on...Russian gas and oil Political leaders have also acknowledged that Europe needs to get its energy from more places. According to the European Council on Foreign Relations, the EU and its member states have signed 56 energy deals with 23 countries this year. Among the latest was a 15-year deal for Germany to get liquefied natural gas (LNG) from Qatar through a contract with ConocoPhillips. Norway is also boosting natural gas production and the world's biggest producer, the US, has been pumping out record amounts. This means the chances of Europe repeating its dependence on Russia with another country are "quite low", according to Megan Richards, a former director of energy policy at the European Commission. "A lot of work has been done" to replace Russian energy, she added, before warning: "I think Europe will not be completely domestically independent for a very, very long time, if ever" even though "renewables will increase dramatically". Share South Africa's President Cyril Ramaphosa speaks during a press conference in central London on November 24, 2022 IMAGE SOURCE,GETTY IMAGES Image caption, Mr Ramaphosa is under pressure from his own party but his spokesman said he would seek a second term as ANC leader By Farouk Chothia BBC News South Africa's President Cyril Ramaphosa will not resign despite a scandal over money stolen from his farm, his spokesman says. The row centres on claims he kept large sums of cash on his property then covered up its theft. A panel of legal experts concluded that he has a case to answer. On Sunday and Monday, the top leadership bodies of the African National Congress (ANC) are due to meet to decide the party's next steps. But Mr Ramaphosa's spokesman suggested he would fight on, and rather than quit would seek a second term as leader of his African National Congress party. "President Ramaphosa is not resigning based on a flawed report, neither is he stepping aside," Vincent Magwenya said. "It may be in the long-term interest and sustainability of our constitutional democracy, well beyond the Ramaphosa presidency, that such a clearly flawed report is challenged," he added. The scandal erupted in June, when a former South African spy boss, Arthur Fraser, filed a complaint with police accusing the president of hiding a theft of $4m (£3.25m) in cash from his Phala Phala game farm in 2020. A quick guide to South Africa's 'Farmgate' scandal Cash in the sofa scandal could bring down Ramaphosa Mr Ramaphosa admitted that money had been stolen, but said it was $580,000, not $4m. The president said the $580,000 had come from the sale of buffalo, but the panel, headed by a former chief justice, said it had "substantial doubt" about whether a sale took place. The panel's findings have been handed to parliament, which is set to examine them and decide whether or not to launch impeachment proceedings against the president. Mr Ramaphosa is also under pressure from the opposition, as well as rivals from his governing ANC, to resign. The scandal is especially damaging for Mr Ramaphosa because he came to power vowing to clear up the corruption which had dogged the country under his predecessor, Jacob Zuma. The ANC remains deeply divided between supporters of Mr Zuma and those who back Mr Ramaphosa. Mr Ramaphosa will be challenged for the ANC's leadership by his former health minister Zweli Mkhize, who has also been accused of corruption. He denies the allegations. [Simple Money Goals]( You received this email as a result of your consent to receive 3rd party offers at our another website. Email sent by Finance and Investing Traffic, LLC, owner and operator of Simple Money Goals To ensure you receive our email, be sure to [whitelist us](. Copyright © 2022 SimpleMoneyGoals. All Rights Reserved[.]( 16192 Coastal Hwy Lewes, DE 19958 USA [Privacy Policy]( | [Terms & Conditions]( | [Unsubscribe]( [Simple Money Goals Logo](