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Eskom stage 4 load shedding wipes away rand gains | IOL Business ReportDomestic currency tumbles to its weakest level against the dollar in almost three weeks after rolling power cuts take effect. busrep Maybe it's AbsaSouthAfrica and StandardBankZA... busrep Could not organise a piss up in a brewery with the doors open 24/7 !!
Source: IOL - 🏆 46. / 51 Read more »
Rand pauses plunge after Eskom falloutOn Monday, the currency tumbled nearly 2.5% to its weakest in nearly three weeks as ailing power firm Eskom cut 4,000 megawatts from the national grid after seven generating units unexpectedly went offline. Where is Nomvula Mokonyane azoliqosha lelilandi njalo🤣
Source: ewnupdates - 🏆 30. / 53 Read more »
Eskom and the multi-billion rand mega projects that could have saved SAKusile and Medupi, the third and fourth largest coal power plants in the world, were originally due to come online in 2014 and 2012 respectively, which would have given the country an extra 9600MW of power, enough to avoid blackouts. With Rand also depreciating everything will go up in price. We can’t afford to kill consumer confidence so taxes must be cut in budget. Govt must find funds in its costs and fatcat cabinet must be slashed. 15 ministers no deputies limited blue Iights less travel We want to know the names of the owners of the 27 IPP that have just signed agreements with the Government ie Out tax money therefore we want know who they are ! What you hiding Mr Rhadebe ? En Cyril is inie mirrel
Source: News24 - 🏆 4. / 80 Read more »
#RandReport: Rand slumps on Eskom fears, US inflation
Source: ewnupdates - 🏆 30. / 53 Read more »
Eskom power cuts weigh on SA randThe South African Chamber of Commerce and Industry expresses concern about investment into the country being discouraged.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
#RandReport: Rand tumbles as Eskom sours outlook, stocks flatAt 1510 GMT, the rand was 1.07% weaker at 14.2200 per dollar, as it breached 14.00 for the first time in five weeks. The currency has tumbled 4% this week.
Source: ewnupdates - 🏆 30. / 53 Read more »
Eskom: Low probability of load shedding for SundayHowever, officials say if their generating performance declines they may have to implement power cuts. Can they loadshed the etolls
Source: ewnupdates - 🏆 30. / 53 Read more »
Low probability of load shedding for Friday, says EskomEskom says it is unlikely that it will implement load shedding today due to further improvement in generating performance and notable strides made in replenishing diesel and water reserves. Can’t we at least use a picture of a South African plug EWN?
Source: ewnupdates - 🏆 30. / 53 Read more »
#LoadShedding not likely on Friday, says Eskom | IOL NewsEskom was not likely to implement load shedding on Friday, the power utility said.
Source: IOL - 🏆 46. / 51 Read more »
Load shedding ‘not likely’ on Friday – EskomEskom was not likely to implement load shedding on Friday, the power utility said. I wouldn't bet on that just yet. My money is firmly in my pocket. Please convey our generalised disbelief.
Source: TheCitizen_News - 🏆 6. / 75 Read more »