Signs that South Africa’s energy supply crisis is easing bode well for the rand, experts say.
Browsing: Eskom
The mechanical replacement of the steam generators in unit 1 of the Koeberg nuclear power station has been completed.
South Africa could dramatically boost economic growth if the country fixed problems at Eskom and Transnet, the IMF said.
MTN South Africa is weathering the impact of Eskom’s load shedding, but at a cost to its profit margins.
There has been a “considerable improvement” in Eskom generation, electricity minister Kgosientsho Ramokgopa has claimed.
Eskom has suspended daytime load shedding until further notice following an improvement in generation performance.
Government will need another two to three months to complete an energy transition implementation plan.
Former Eskom CEO André de Ruyter will take up a position as a visiting senior fellow at Yale University.
Eskom is expected to implement alternating stages of load shedding throughout this week – and may suspend it entirely.
The severity of load shedding will be reduced this weekend as Eskom expects demand to fall.