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Eskom Announces Continuous Implementation Of Stage 6 Power Cuts

SOUTH AFRICA
  • Eskom announced that it will implement Stage 6 loadshedding continuously until further notice as the "anticipated return to service of a generating unit each at Kendal, Matla and Matimba power stations has been delayed". The utility has been gradually escalating rolling blackouts over the past few days as a confluence of factors, such as planned maintenance, unexpected failures of generation units and the need to replenish emergency generation reserves, necessitated intensified loadshedding. Continued escalation of power outages came as a surprise as Electricity Minister Kgosientsho Ramokgopa said on Sunday that South Africans can expect Stage 3 or 4 loadshedding this week. However, officials have recently been warning of a potential intensification of blackouts, describing them as necessary "short-term pain" associated with ramping up planned maintenance.
  • Labour union leaders met with President Cyril Ramaphosa yesterday to discuss what they called the "National Treasury's shocking proposals to impose ill-considered cuts across the state". They have threatened to strike over the proposals, criticising the government's poor communication on its fiscal plans.
  • The Treasury ramped up its weekly short-term borrowing amid dwindling tax collections and softer appetite for long-term debt. Treasury Director-General Duncan Pieterse said that bill issuance had been increased by around ZAR2bn to over ZAR14bn a week from the beginning of August.
  • President Cyril Ramaphosa approved the impeachment of Busisiwe Mkhwebane after the National Assembly voted to oust her. Her term was set to expire on October 14.
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