SouthAfrica: Eskom is currently facing one of the worst power outage waves in its history, with blackouts lasting up to 16 hours a day. Is there hope for a solution? Report by Aurelie_MB
Eskom technicians perform maintenance in Villiers, South Africa, on May 10, 2023.
It only took one statement to bring South Africa’s Eskom shares into the red. On Thursday, 18 May, Calib Cassim, acting CEO of the publicly-run national power company, warned the public that a “very difficult” winter was to be expected, with load shedding reaching stage 8. This announcement sparked a 0.20% plunge of the JSE/FTSE Top 40 – the index of the top 40 stocks on the Johannesburg Stock Exchange – which did not, however, indicate any total service disruption .Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.
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