'Insufficient and unreliable electricity supply is likely to threaten the viability of some corporates, especially small and medium-sized enterprises.' Moneyweb loadshedding Eskom
South Africa’s unreliable power supply and its high level of government debt are two of the main risks to its financial stability, the country’s central bank said on Tuesday. Africa’s most developed economy has seen 170 days of rolling blackouts this year due to a maintenance backlog of state utility Eskom’s ageing coal-fired power plants.
Read: Eskom latest: ‘erratic’ power cuts to continue to Wednesday South Africa’s gross sovereign debt is already more than two-thirds of GDP and the government intends to take on R400 billion of Eskom’s, increasing its burden. “The increased incidence of state-owned enterprises’ debt being taken over by government exacerbates this vulnerability,” Sarb’s Financial Stability Review said.
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