Eskom says that it is able to reduce load shedding to stage 5 on Monday after several power stations were returned to service overnight.
The South African rand has come under immense pressure on Monday (19 September) as the country feels the pressure of stage 6 load shedding, and markets look ahead to interest rate hikes from major central banks.
Civil action group, Outa says that Eskom's application to energy regulator Nersa for a 32% price hike in 2023 will end up being closer to 38% once backlogs and court-ordered increases are taken into account.
The newly 'refreshed' South African Airways is under the scrutiny of the Air Services Licensing Council (ASLC), which says that the embattled airline's relaunch project may be in breach of the Air Services Licencing Act.
The South African Reserve Bank's (SARB) Monetary Policy Committee (MPC) is set to hike interest rates on Thursday (22 September) this week in an attempt to support the rand and control inflationary forces.
South Africa's economy faces severe headwinds in the coming weeks as load shedding intensifies, unions threaten to shut down industries, and the Reserve Bank looks set to hike interest rates.
President Cyril Ramaphosa has cut his overseas trip short to attend to South Africa's power emergency. In a rush to mitigate load shedding, Eskom is approaching the private sector. City of Tshwane ramps up its revenue collection drive. Unpaid staff…
South Africa risks facing unprecedented levels of blackouts this week after additional power station breakdowns over the weekend forced Eskom to announce stage 6 load-shedding on Sunday morning.
As South Africa’s banking sector faces increasing competition from new digital entrants, a fierce battle still rages on among the ‘legacy’ institutions.
Many South African universities have been forced to accelerate their digital learning deployments faster than expected.
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