CAPE TOWN – Load shedding has been implemented at one of the worst times as South Africa is due for a review by ratings agency Moody's in a week.
PriceWaterCoopers economist Lullu Krugel said they hoped the rating agency would consider all factors before downgrading the country. “I’m really worried that they would downgrade South Africa. If not next week, then definitely in the near future.” At the same time, the rand has taken a beating but has since stabilised since power cuts were rolled out. Krugel explained there were various things, including international factors, that impacted the rand.
“The rand has stabilised a bit. The currency is impacted by a range of other factors. There’s a lot of noise in international markets as well. In the UK they’re dealing with their own problems. We’re dealing with load shedding and they’ve got Brexit.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA still in the dark as Eskom mum on stage 5 and stage 6 load sheddingEnergy expert Ted Blom says the Eskom board is actively avoiding coming clean about the extent of the crisis. And still no one is held accountable for this. Ooh donner....wat nou? Waas die ligte....die Baas gaan iemand se gat slae gee..... U can see that, that stooge over there is in the dark himself! No clue whatsoever! RT : SA in the dark as Eskom mum on stage 5 and stage 6 load shedding
Source: ewnupdates - 🏆 30. / 53 Read more »
Dark times ahead: Stage 2 load shedding to continue until SundayEskom has also warned there’s a risk of outages until the middle of next week as the utility battles capacity constraints. Rand devaluation to continue until doomsday. Stage 3 next week I suppose...
Source: ewnupdates - 🏆 30. / 53 Read more »
Dark times ahead: Stage 2 load shedding to continue till SundayEskom has also warned there’s a risk of outages until the middle of next week as the utility battles capacity constraints.
Source: ewnupdates - 🏆 30. / 53 Read more »
Social media replaces movie titles with EskomSouth Africans are using humour to get through the dark times during laod-shedding. Dead Eskom Society
Source: eNCA - 🏆 49. / 51 Read more »
WATCH: Sabrina taps into her dark side in 'The Chilling Adventures of Sabrina' part 2 trailerSabrina the teenage witch is back for another season of chilling adventures.
Source: Channel24 - 🏆 48. / 51 Read more »
Bafana in the dark about Libya tacticsBaxter’s men need a draw and their opponents, under a new coach, must bag a win to reach the Afcon finals Eskom now sponsoring Bafana!? HahAh just like our President CR 😂 Should they lose will be an excuse?
Source: BDliveSA - 🏆 12. / 63 Read more »
Dark Day
Source: dailymaverick - 🏆 3. / 84 Read more »
KHAYA SITHOLE: Is Ramaphosa really in the dark over transport crisis?President expressed shock at the state of the rail system after he was stuck in a train, but it is a concern that he seems not to know what is happening on the ground CR seems to be in the dark over many other issues which can't be blamed on ESKOM or Apartheid.
Source: BDliveSA - 🏆 12. / 63 Read more »
Police put contingencies in place if voting stations go dark on May 8Generators will apparently be deployed to certain voting stations if necessary.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
#LoadShedding: Police put contingencies in place if voting stations go dark on May 8 | IOL NewsThe SA National Defence Force and Disaster Management will be deployed to help police should rotational power cuts threaten the elections, MPs heard.
Source: IOL - 🏆 46. / 51 Read more »