Tag: power outages

South Africa’s state power utility Eskom urgently needs turnaround plan – Moody’s

South Africa’s state power utility Eskom urgently needs a turnaround plan as its capital structure is unsustainable, credit ratings agency Moody’s said on Tuesday in a report which sent the rand lower.

Zimbabwe ramps up its electricity imports to ease outages

Zimbabwe will ramp up its electricity imports over the next few weeks, potentially easing rolling power cuts.

Why South Africa’s GDP growth is likely to shrink by 1.1 percentage points in 2019

South Africa’s economic growth will shrink by at least 1.1 percentage points in 2019 and there could be up to 125,000 job losses if...
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