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.
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