South Africa is facing the worst load shedding ever.
Intellidex analyst Peter Attard Montalto says that load shedding in the coming winter months is going to worse than many people are expecting – but hopefully, things will only improve from there.
In a media briefing following a tour of Eskom’s coal fleet this past month, Ramokgopa floated an ‘option’ he would present to cabinet, promoting investment into the refurbishment of coal power stations, while boosting investing into private coal mines to ensure better coal quality for these stations.
“There is no way the National Treasury would fund upgrading of private sector mines. The finance minister has confirmed that, leaving egg on face.”
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