Eskom has provided details about its plan to procure a gigawatt of additional electricity supply on an urgent basis to reduce the impact of load shedding.
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South Africa is teetering on the brink of its most severe power cuts yet, just months after government announced emergency measures to try and end load shedding.
The former Altron CEO will join the bank’s board and will advise the company on IT strategy as a member of the group IT committee.
Craig Lefkowitz has been active in the ICT industry for more than 20 years, the last 11 years of which have been in telecommunications.
The current electricity crisis engulfing South Africa’s economy shows no immediate sign of abating.
While Americans won’t be paying more for the iPhone 14 line-up from Apple, South Africans aren’t nearly as lucky, with prices rising by up to 20.3%.
South Africa will require R500-billion in private investment to end power cuts that are stalling economic growth by the start of 2025, Peter Attard Montalto said.
Eskom will continue with power interruptions until at least 5am on Monday, the state-owned utility said on Friday.
Eskom plans to launch a crowdsourcing digital platform in an effort to attract skills it urgently needs, including technical and engineering talent.
A proposal by wealthy nations to mobilise the money to help South Africa reduce its dependence on coal has proved more complex than anticipated.