Eskom has announced that load shedding will be pushed to stage 3 on Friday, and that rolling blackouts will be extended over the entire weekend.
Power utility Eskom says it will have to extend stage 2 load shedding on Thursday to continue overnight.
The City of Joburg says it will launch a framework for procuring energy from Independent Power Producers "in the coming weeks", as load shedding once again rears its ugly head in South Africa.
Second quarter 2022 Gross Domestic Product (GDP) data published by Statistics South Africa showed a decline of 0.7% quarter-on-quarter, was quickly followed by yet another load shedding announcement from power utility, Eskom.
Oil fell to the lowest since January on concern a global slowdown will cut demand in Europe and the US, just as China’s Covid Zero strategy hurts consumption in the world’s biggest crude importer.
Power utlity Eskom has announced that stage 2 load shedding will be implemented on Tuesday, and will run all week.
South Africa’s gasoline price will fall by the most in two years, increasing the chances that inflation may be near a peak.
South Africa’s government is concerned about the impact that power outages had on the economy in the second quarter, as the nation’s statistics agency prepares to release data for the three-month period.
The Department of Energy has published the latest fuel price updated for September, showing a sizeable cut to both petrol and diesel prices in South Africa.
The reported fuel price decreases, set for Wednesday (7 September) are a welcome breath of good news, says the Road Freight Association.
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