The rand weakened early on Monday, as power utility Eskom extended scheduled electricity cuts.
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Eskom will impose load shedding on a continuous basis for at least the next two years, board chairman Mpho Makwanan has warned.
CEO André De Ruyter also reaffirmed that power cuts would continue for two more years at least.
Government has loosened local content requirements for solar panels and kicked off a review of plans for the nation’s energy mix.
The result of Eskom’s woes is that South Africans are increasingly being forced to explore alternative sources of electricity.
The Turkish company seeking to supply 1.2GW of power to South Africa will get a decision on its application to proceed with the projects by 7 March.
Eskom has promised some relief from the extreme load shedding it’s been imposing on South Africans over the past two weeks.
The South African Post Office plans to reduce its working hours and retrench employees in a bid to cut its wage bill.
Mr Price Group is rolling out backup power to all its stores, as the company’s chairman called the country’s current electricity shortage untenable.
The City of Johannesburg’s electricity supply company has warned it is running out of money to fix crucial infrastructure.