South Africa’s biggest labour federation will embark on a nationwide protest on Wednesday that will keep workers from Eskom away from their posts amid a fourth day of rolling blackouts.
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South Africa’s struggling power utility started a third day of power outages, blaming issues including failures at two huge new power stations that are also the main source of the company’s massive debt.
Two new coal-fired power plants being built in South Africa are “badly designed and badly constructed”, public enterprises minister Pravin Gordhan said on Tuesday.
Eskom is moving to stage-4 load shedding with effect from 1pm on Monday. This means that the utility will shed 4GW of electricity, up from the 2GW it was shedding on Monday morning.
Eskom started a second day of power cuts on Monday, creating uncertainty that endangers businesses that are highly dependent on the utility, a group representing the biggest electricity users said.
Numsa says President Cyril Ramaphosa has confirmed its worst fears: that the ANC plans to privatise state-owned enterprises.
The easiest way to rescue ailing state power utility Eskom would be for government to assume part of its R419-billion of debt, CEO Phakamani Hadebe said.
President Cyril Ramaphosa vowed to rescue the ailing state power utility by providing it with financial support and splitting it into three entities after it suffered massive losses and piled on debt.
President Cyril Ramaphosa unveiled plans to revive the flagging economy and create jobs, including removing obstacles to investing and doing business, attracting more tourists and stepping up the fight against graft.