Eskom and electricity cuts are once again sabotaging South Africa’s economy

SOUTH AFRICA - Report 13 Dec 2019 by Iraj Abedian

The South African economy is once again being sabotaged by Eskom. This is because on top of the substantial financial burden the state owned entity (SOE) has been placing on the fiscus, Eskom resumed its infamous scheduled power cuts, normally referred to as “load shedding”, in the past week. What’s more, the current load shedding cycle has been especially intense, with Eskom implementing stage 6 load shedding (shedding 6 000MW off the national grid) on Dec. 9th, which resulted in President Ramaphosa cutting short an international trip to come and deal with the crisis. As of today, load shedding is still ongoing as announced by Eskom this morning, albeit at much lower levels. Today it was at level 2; ie: shedding 2000 MW off the grid. The disruptions in power supply are having disruptive effect on the society and profound negative impacts on the economy, with electricity intensive sectors such as mining and manufacturing the worst affected.

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