S&P Global late on Wednesday downgraded its outlook on South Africa to “stable” from “positive”, citing infrastructure constraints and the severe power crisis.
Browsing: Eskom
Business sentiment declined to a two-year low in the first quarter as severe power outages and dilapidated logistics networks hobbled economic activity.
Karpowership has had one of three appeals against adverse environmental rulings rejected, a source has said.
Eskom will miss a target to boost output from struggling coal-fired plants by the end of March.
South Africa’s economy shrank more than expected in the fourth quarter, when Eskom intensified rolling blackouts.
The perfect storm of a power-crippled 5G roll-out will widen rather than narrow the digital divide in South Africa.
The province plans to facilitate the construction of almost 6GW of power generation capacity to counter nationwide electricity shortages.
President Cyril Ramaphosa is expected to announce a minister of electricity and a reshuffled cabinet “in a matter of days”.
Karpowership said it will demand a retraction from André de Ruyter, the former CEO of Eskom, because it said he had inferred the firm was corrupt.
Regulations for the national state of disaster to deal with the electricity-supply emergency have been gazetted. Here’s what they say.