President Cyril Ramaphosa cut short a trip abroad to deal with an escalating crisis at the state power company, as week-long blackouts threaten to tip the economy into recession.
Browsing: Eskom
Batteries that don’t have time to recover fully and criminals taking advantage of power cuts are two of the factors making life difficult for South Africa’s mobile networks as rolling blackouts continue into a sixth day.
Zimbabwe’s state-owned Zesa Holdings escalated power cuts to as long as 24 hours after losing regional power imports and local generation capacity remains critically constrained.
South Africa’s state power company intensified rolling blackouts to a record, signalling a deepening crisis at the debt-ridden utility and raising the risk of a second recession in as many years.
Eskom has implemented stage-6 load shedding as the problems at the failed state-owned utility keep mounting.
South Africa’s flagging economy could face a second recession is as many years due to a new wave of nationwide power cuts.
After earlier on Monday saying it expects to implement stage-2 rotational power cuts until 11pm, Eskom has now doubled the amount of electricity it will remove from supply.
South Africa’s struggling power utility warned rolling blackouts may continue throughout the week as electricity cuts entered a fifth day, further weighing on the nation’s struggling economy.
As the SAA business rescue demonstrates, we will not hesitate to do what it takes to return our SOEs to financial and operational health. By Cyril Ramaphosa.
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