Ramaphosa asks Eskom to halt 18.65% power tariff hike
(News24) – While delivering his closing remarks at the ANC Free State provincial conference on Sunday, President Cyril Ramaphosa said he had asked Eskom not to implement the 18.65% tariff increase in April. The president said he had asked the power utility to hold off on the increase while South Africa struggles under increased load-shedding. READ MORE.
Expect near-permanent load shedding for the next 2 years: Eskom
(BusinessTech) – Eskom chairperson Mpho Makwena said the power utility will aim to have some level of predictability over the next two years as it executes its turnaround strategy. But this will mean there will be some sort of permanent load-shedding between Stage 2 or Stage 3 for at least the next two years. READ MORE.
Eskom quickly backpedals on statement on permanent load shedding for two years, hints at ‘good performance’ incentives for staff
(Daily Maverick) – But Eskom were quick to rebuff media reports that sounded the alarm over permanent load-shedding over the next two years, arguing that this was not the case as it could not guarantee that power cuts would remain at those lower levels. READ MORE.
SA to seesaw between Stage 1 and 4 load shedding this week
(EWN) – For the week ahead, Eskom says the country will seesaw between Stage 1 and Stage 4 load-shedding with Stage 4 due to kick in from Monday at 4 pm. Eskom COO Jan Oberholzer said the situation at the power utility had improved and six generating units are expected to return to service this week. READ MORE.
What’s happening in the markets?
(Business Day) – The JSE closed 0.3% lower on Friday while its global peers bounced back after more hawkish comments from the US Federal Reserve heightened global recession fears. At 05.30 am, the rand was trading stronger against the dollar at R17.0722. READ MORE.
