Load shedding leading to increased cost of living: Expert

Concerns are mounting over the potential total collapse of the national grid. The Johannesburg Stock Exchange and other listed corporates have indicated that they are working on contingency plans for the worst-case scenario. Energy expert, Tebogo Mosito says the country’s energy crisis is putting more pressure on South Africans who[…]

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South Africa‘s economic outlook downgraded

Standard and Poor’s Global Ratings downgraded its outlook on South Africa to stable from positive, citing severe rolling blackouts. The rating agency says South Africa’s constraints on infrastructure and electricity supply could affect its economic growth. S&P has kept South Africa’s currency debt rating unchanged at sub-investment grade but has[…]

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Local SPCA share tribute to slain Muslim vet

By: Aneeqa du Plessis The Cape of Good Hope SPCA have shared a heartfelt tribute to Dr Natheem Jacobs, 27, who was stabbed to death during an attempted robbery outside his Garlandale, Athlone home in the early hours of Thursday morning. The animal welfare organization expressed their anguish through a[…]

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Eskom to implement stage 6 load shedding on Saturday night

Eskom has announced it will be implementing Stage 6 load shedding from 8PM on Saturday night until 5AM on Sunday morning. Thereafter, Stage 4 power cuts will remain in place until further notice. The ailing utility has ramped up load shedding due to breakdowns at five power stations. Spokesperson Sikonathi[…]

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Rand slips amid continuous rolling blackouts

The rand has weakened by more than 1% on Monday, and continues to trade at its weaker level on Tuesday morning at R17, 60 to the US dollar. This is, however, in line with weakness in other emerging market currencies on the back of a stronger dollar. The dollar’s strength[…]

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