Eskom Acting CEO more concerned about stage 8 than blackout, South Africa’s import bill could grow, Virgin Active still far off Covid-19 base, three biggest parties fail to meet basic legislative requirements.
Eskom Acting CEO Calib Cassim says he is not concerned about South Africa suffering grid collapse, but he is worried that the nation could hit stage 8 load shedding. Despite recent fears of a grid collapse, Cassum said the system operator informed him this will never happen. Eskom’s transmission manager, Segomoco Scheppers, added that even an escalation to stage 8 does not mean a blackout is coming, as there are protection devices that kick in to stabilise the grid.
In South Africa, the group only has 85% of its base. It added that it is over-reliant on South Africa, where half of its base is – which is a concern with the operation having more bad debt and a difficult economic environment. [: The IEC says that the ANC, DA and EFF failed to meet the basic legislative requirements for presenting annual financial statements, as per the Political Party Funding Act.
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