Eskom chief executive officer Andre de Ruyter says that the power utility has been hit with a double blow of failing units and running out of reserves, which has necessitated a move to stage 6 load shedding on Sunday.
The has been a sharp rise in the average purchase price over the last few years as a result of the impact of aggressive interest rate cuts in the early months of the pandemic and competitiveness among financial institutions, says…
FNB CEO Jacques Celliers says that if South Africa cannot get an extension on the possible greylisting by the FATF it may have dire consequences on the economy.
Due to the impact of the Covid-19 pandemic, governments imposed restrictions on individual travel. This resulted in many companies changing their work model to accommodate employees working from home.
Eskom has pushed load shedding to stage 6 on Sunday as it continues to suffer breakdowns at its power stations.
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