Eskom said on Wednesday that it will implement stage-2 load shedding from 9am on Wednesday, with outages likely to continue until 11pm.
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South Africa has been promising for months to fix Eskom. While little tangible progress has been evident so far, several key decisions are due to be taken this month.
Eskom is approaching the courts in an effort to force energy regulator Nersa to reconsider electricity tariffs for the next three financial years.
President Cyril Ramaphosa poured cold water on proposals by his finance minister, Tito Mboweni, that state power utility Eskom sell some of its power plants to help settle its debt.
South Africa’s economy was roaring along in 2007 on the back of the global commodities boom when power shortages struck, bringing mines and smelters to a halt.
A panel of experts under the leadership of the CSIR has submitted a proposal to declare eMalahleni, Klerksdorp and Beaufort West as preferred locations for wind and solar photovoltaic power projects.
Government has spent months mostly talking about how to save the debt-stricken state power utility Eskom, spur economic growth and get its shaky finances back on track. Financial realities may force an end to the dithering.
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The ANC has approved a range of proposals to revive economic growth, but stopped short of endorsing finance minister Tito Mboweni’s controversial plan to sell some state assets.
Eskom’s standalone credit profile was downgraded one notch at Fitch Ratings, signalling the South African power utility’s worsening ability to repay debt without additional government support.