South Africa’s inconsistent electricity supply is expected to cost the country around 0,3% of GDP growth, ratings agency Standard & Poor’s said on Monday. “We saw fourth quarter as a fairly pleasant surprise after a fairly disappointing 2014,” chief economist
The power grid will be severely constrained for the rest of the week, parastatal Eskom said on Tuesday. “It is possible that we may go through today [Tuesday] without implementing any load shedding,” spokesman Khulu Phasiwe said. “If any of our
In addition to a R23bn lifeline to Eskom, government may also convert its subordinated loan to the embattled electricity supplier to equity, the national treasury said as finance minister Nhlanhla Nene
Finance minister Nhlanhla Nene should stop giving further financial lifelines to Eskom and restructure the embattled electricity provider, the Democratic Alliance said on Tuesday. “Bold
Eskom will implement rolling blackouts on Saturday, it said. “Eskom will implement stage 2 load shedding from 8am on Saturday, 21 February 2015 [and] this is likely to continue until 10pm in the evening
It will take 20 to 30 months before power utility Eskom has caught up with maintenance and is back on the right track, energy department director-general Wolsey Barnard said on Tuesday. “It’s going to take time, it’s going to take in the vicinity
South Africa’s energy woes are a “challenge” but not a crisis and government knows how to address them, President Jacob Zuma said on Friday. “I think we have a challenge, not a crisis,” Zuma told
There is a low risk of load shedding being implemented over the weekend due to generators performing at their optimum, Eskom said on Friday. “Our projection shows that we will not have to
Stabilising Eskom’s finances is a priority and the power utility will be given R23bn to do so, President Jacob Zuma announced on Thursday. “The government will honour its commitment to give
Eskom is implementing stage two rolling power cuts from 6pm to 10pm on Wednesday, it said on Twitter. Earlier, the utility implemented stage one of rolling power cuts from 2pm to 10pm
