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Further Stage 6 Loadshedding Announced by Eskom

SOUTH AFRICA
EM Bulletmarkets-real-timeBulletEmerging Markets
  • Eskom announces that the utility will cut 6,000MW on Thursday from 2pm to midnight local time as well as Friday 5am - midnight.
  • That's further stage 6 loadshedding in South Africa on top of the powercuts earlier in the week. Despite the unions sending workers back to site, Eskom had warned that delays in getting units back to service would continue to interrupt operations.
  • Recall that a 7% wage rise has been offered to workers via unions - which will be officially presented tomorrow - but it still falls short of the 12% Union demands.
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  • Eskom announces that the utility will cut 6,000MW on Thursday from 2pm to midnight local time as well as Friday 5am - midnight.
  • That's further stage 6 loadshedding in South Africa on top of the powercuts earlier in the week. Despite the unions sending workers back to site, Eskom had warned that delays in getting units back to service would continue to interrupt operations.
  • Recall that a 7% wage rise has been offered to workers via unions - which will be officially presented tomorrow - but it still falls short of the 12% Union demands.