The windows of commercial and residential buildings are illuminated at night in the central business district Pretoria, South Africa, on Saturday, June 1, 2019. While South African President Cyril Ramaphosa says power utility Eskom Holdings SOC Ltd. is considered too big to fail, it could be too big to support because of the costs associated with stabilizing its finances, Engineering News reported, citing S&P Global Ratings Director Ravi Bhatia. Photographer: Waldo Swiegers/Bloomberg
Briefs
Power cuts cost South Africa as much as R118bn last year – CSIR
Power shortages cost South Africa as much as R118bn last year, a drain on the economy that’s set to continue for two to three years unless urgent action is taken, a new study has found.
