JSE faces risk-off trade on Monday as load-shedding threat persists

11 November 2019 - 07:15The JSE faces weaker Asian markets and the threat of load-shedding on Monday morning, with investor focus squarely on US-China trade war-related headlines.

Adding to the pressure, China’s inflation rose to an eight-year high in October, amid surging pork prices. At 6.15am Hong Kong’s Hang Seng had fallen 2.1%, also under pressure due to continuing political protests in the wealth city. The Shanghai composite was down 1.22%.Gold added 0.22% to $1,462.26 an ounce while platinum slipped 0.35% to $886.78. Brent crude dropped 1.12% to $61.94 a barrel.Locally, the threat of load-shedding continues, with Eskom warning at the weekend that its grid is under pressure.

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No load-shedding expected this weekend but system still 'vulnerable', Eskom warnsAlthough no load-shedding is expected this weekend, the system remains “extremely constrained and vulnerable” and any shift could lead to load-shedding at short notice, Eskom has warned.
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No load-shedding expected this weekend but system still 'vulnerable', Eskom warnsIt said that unplanned breakdowns were now above 10,500MW and given the need to continue to replenish emergency reserves, the probability of load-shedding remained, but would only be implemented if absolutely necessary.
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Load-shedding could hit on Sunday as 'last resort' to prevent national blackout: EskomEskom said on Sunday it would only implement load-shedding as a 'last resort to protect the power system from a total collapse or blackout'. 🙄🙄🙄 'Only if absolutely necessary', instead of whenever the fuck they want? Well one would hope they only implement if ‘absolutely necessary’ rather than, say, just for something to do on a Sunday.
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Load-shedding could hit on Sunday as 'last resort' to prevent national blackout: EskomEskom said on Sunday it would only implement load-shedding as a “last resort to protect the power system from a total collapse or blackout”.
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No load shedding expected today but system remains constrained'While the system remains extremely constrained and vulnerable, the objective remains not to implement loadshedding today and tomorrow,' said Eskom.
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Eskom will implement load shedding if 'absolutely necessary' | IOL NewsThe power system remains tight and vulnerable and the probability of load shedding remains, but will only be implemented if there is a shift and if absolutely necessary, according to Eskom.
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