ANC says load-shedding could lead to increased civil unrest
(Business Day) – President Cyril Ramaphosa has warned the ANC that it risks losing voters and may face civil unrest in the face of continued rolling blackouts. Ramaphosa’s remarks come after the ANC kicked off its two-day annual meeting in Johannesburg on Sunday. Load-shedding has been identified as a leading cause for voters turning to opposition parties. READ MORE.
Sabotage at Eskom is rampant: report
(BusinessTech) – Eskom’s problems cannot be chalked down to inadequate planning and poor management but rather a deliberate campaign to sabotage power stations by rogue criminal elements within the power utility. Station managers have indicated that individuals are committing sabotage and theft at power stations regularly, either through political motivation or out of spite of being passed up for promotion. READ MORE.
Eskom announces load-shedding schedule as four generating units break down
(MyBroadband) – On Sunday, Eskom ramped up load-shedding to Stage 4 for the week ahead after generating units at four different power plants broke down on Saturday. The power utility said 6,049MW was offline for planned maintenance, while breakdowns amounted to 17,163MW of generating capacity. READ MORE.
What’s happening in the markets?
(SAccess) – The JSE continued its rally on Friday and touched record highs throughout the day. The All-Share Index added 0.35% to close at 80,791 points. At 05:24, the rand was trading at R17.21 against the dollar, R18.71 against the euro, and R21.33 against the pound. READ MORE.
