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Disappointing to the country its economy, Eskom, after 10 months of uninterrupted power supply is warning of load-shedding, up to stage 4.
The International Monetary Fund (IMF) in its report showed that the economy of South Africa is recovering due to consistent and reliable power supply, which boosted business and investor confidence. SARB also affirmed the same, industries have recovered that were affected by load-shedding.
The return of load-shedding will undermine the gains made in attracting investors into the country, small businesses that have shown some recovery and even entire industries.
Eskom has issued an alert indicating a high risk of load-shedding at short notice.
“This is a potentially temporary setback. Load-shedding is largely behind us due to the structural improvements in our generation fleet. However, over the past seven days, we have experienced several breakdowns that require extended repair times. This has necessitated the use of all our emergency reserves, which now need to be replenished.
Consequently, we are closely monitoring the status of our current emergency reserves, and load-shedding up to Stage 4 may be implemented over the weekend.” said Eskom Group Chief Executive, Dan Marokane.
