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Eskom Warns of Increased Load-Shedding Due to Industrial Action

SOUTH AFRICA
EM Bulletmarkets-real-timeBulletEmerging Markets
  • In response to the threats of labour disputes and strike action at Eskom, the utility have released a formal statement warning that extended protests would cause operational disturbances and raise the risk of load-shedding across the country. Eskom warned that the increased unavailability of plant has necessitated an extensive usage of emergency generation reserves, which are depleting faster than can be replenished.
  • With COVID restrictions now largely dropped across South Africa, the health minister has confirmed that businesses can enforce mask-wearing on a individual basis, and follow their own mandates going forward, according to EWN.
  • Ramaphosa today holds further meetings with his BRICS counterparts as part of the BRICS videoconference and will today hold direct discussions with Russia’s Putin – who has called on his BRICS partners to push back against ‘Western sanctions’ which have extended global economic pain.
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  • In response to the threats of labour disputes and strike action at Eskom, the utility have released a formal statement warning that extended protests would cause operational disturbances and raise the risk of load-shedding across the country. Eskom warned that the increased unavailability of plant has necessitated an extensive usage of emergency generation reserves, which are depleting faster than can be replenished.
  • With COVID restrictions now largely dropped across South Africa, the health minister has confirmed that businesses can enforce mask-wearing on a individual basis, and follow their own mandates going forward, according to EWN.
  • Ramaphosa today holds further meetings with his BRICS counterparts as part of the BRICS videoconference and will today hold direct discussions with Russia’s Putin – who has called on his BRICS partners to push back against ‘Western sanctions’ which have extended global economic pain.