🔒 Dirty, rotten Eskom blights SA growth prospects – FT
The FT discusses what the problems are and warns that Eskom is far more than a financial drag on South Africa; it is behind a major environmental and health crisis.
The FT discusses what the problems are and warns that Eskom is far more than a financial drag on South Africa; it is behind a major environmental and health crisis.
The warning by state-owned power utility Eskom that the country was threatened by months of rotating blackouts became a reality in less than 24 hours.
Eskom may be forced to implement controlled blackouts before the end of the year because of pressure on the national system.
Eskom CEO Phakamani Hadebe felt the full brunt of the classic commentator’s curse this week when South Africa was plunged into darkness.
Prepare for more blackouts – Eskom has announced and implemented stage two load-shedding in various areas. Here is a link to their schedule.