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Power Outages

  • Coronavirus + Eskom + Moody's + Chart = Rand disaster
  • It's been a terrible start for the rand. Last week we saw it hit R15.00, dropping it down over 6.07% for the year. According to Bloomberg, the rand was the second-worst performing currency out of the 24 emerging-market currencies world-wide. And it looks like this is only the beginning. In today's article we'll discuss the four reasons why I expect the rand to plunge to R1... ››› more
  • [24 February 2020]
  • WHY isn't the South African Government doing this?
  • Throughout my journey in London the one thing I noticed is there's tons of construction happening every day. Everywhere you look, you'll see massive cranes, construction workers and buildings being revamped. My first thought was that surely with all this construction, you'd need to have powerful electricity grid. Back in South Africa, where power outages are basically a common occurrence, ... ››› more
  • [30 October 2015]
  • If you serious about investing in an IPO, here's what you need to know
  • Whenever a company announces it's listing on the JSE, there's always a bit of excitement that surrounds the opportunity. It sounds simple enough to make money off an Initial Public Offering (IPO) doesn't it? You just stick your cash into a “potentially” good company and hope other investors do the same. If the hype surrounding a new issue pushes the price up quickly, you can sell on ... ››› more
  • [08 October 2015]
  • As Eskom continues to resort to daily load shedding, what is the impact on businesses?
  • Load shedding is becoming a part of daily life in South Africa. On Friday, Eskom announced that chances of load shedding over the weekend were slim, yet that all changed once the weekend arrived. South Africans across the country are having to deal with several hours each day with no power. And operating a business under such conditions is almost unworkable, especially for smaller firms. ... ››› more
  • [16 February 2015]
  • South Africa braces itself for yet another day of load shedding
  • This morning, Eskom announced that it would have to implement stage two load shedding again. This comes after the power utility had to move into stage three load shedding yesterday as the national grid was on the brink of collapse. The issues with power supplies in the country are worrying investors, putting pressure on the rand and business confidence. Let's take a closer look at what's ... ››› more
  • [06 February 2015]
  • Retail sales surprised to the upside in November, but lagged sales in October
  • Earlier today, Stats SA released its retail sales figures for November. The data came out better than expected, but the rate of growth was lower than the revised figure reported for October. Let's take a closer look at what the data revealed… Retail sales came in at 2.6% in November Retail sales in South Africa “rose 2.6% year-on-year in November,” reports Fin24. This was high... ››› more
  • [14 January 2015]
  • The rand wallows at six-year lows of 11.55/$... What's going on?
  • After hitting a six-year low on Monday and strengthening slightly yesterday, the rand has dipped sharply again. So why is the rand under so much pressure? Let's take a closer look… A downgrade by Fitch could hit the rand hard The current jitters hitting the rand relate to tomorrow’s review by Fitch Ratings on South Africa’s credit rating, says Bloomberg. There are fears that t... ››› more
  • [11 December 2014]
  • Business confidence creeps slightly higher in September
  • Yesterday, the South African Chamber for Commerce and Industry (SACCI) released its business confidence data for September. For the second month in a row, the SACCI reported a slight rise in business confidence. Let's take a closer look at what the data showed… Business confidence is stabilising The SACCI’s business confidence index (BCI) “nudged up 0.2 points to 89.2 in Sept... ››› more
  • [08 October 2014]
  • Eskom's CEO warns that power issues will continue until next month
  • Last week, South Africa experienced its first taste of load shedding since the power crisis in 2008. Earlier today, the CEO of Eskom, Brian Dames, said the power issues facing SA would likely continue into next month. Eskom says wet coal is preventing it from keeping power stations going. Let's take a closer look at this latest update from Eskom… SA’s power situation isn’t going to improve... ››› more
  • [28 May 2014]
  • The power supply is under strain again as Eskom faces yet another problem
  • Yesterday, South Africa's power utility Eskom announced that its electricity supplies are under severe strain. This on the day that its CEO Brian Dames stepped down from his position. This latest issue facing Eskom follows an incident with one of its boilers on Sunday. Let's take a closer look this latest incident… A boiler incident knocks Eskom’s electricity supply One of Eskom’s boile... ››› more
  • [01 April 2014]
  • Are the lights going to stay on across South Africa this week?
  • After last week's impromptu load shedding, Eskom says the power situation remains tight, but it doesn't expect power outages. The power utility is struggling to keep South Africa's supply of electricity flowing as it contends with wet coal affecting the operation of generators. Let's take a closer look at the latest goings on with SA's power supply… Eskom apologises for load shedding On Fri... ››› more
  • [10 March 2014]
  • One company will profit massively from our failing power grid
  • With all the rain we've had recently I've experienced a lot of power outages. Traffic lights on the way to work are routinely out. We even had a storm take out the power in our office for a day. Worse still, a weak wind was blowing the other day and suddenly a transformer near my house blew! It stayed out for more than a day as new parts were first needed to get the lights back on… H... ››› more
  • [13 December 2013]
  • Eskom ends the power emergency status - but the situation is still critical
  • Late yesterday, Eskom said it was lifting its emergency declaration. The power utility says that while the power supply issues were still critical, the situation was better. Eskom puts this down to its large industrial users paying heed to requests for them to cut usage. Let's take a closer look at what's going on at Eskom… Eskom said is “would lift an emergency it had declared two days ago ... ››› more
  • [22 November 2013]
  • In 2015, South Africa will run out of coal
  • Power outages affected large parts of Johannesburg at the beginning of September. This was down to sabotage by City Power workers. But it looks like it could be a major issue across South Africa by 2015. An industry study says that come 2015, Eskom faces a massive shortfall of coal to fuel its power stations. Let's take a closer look at what's going on… We all know what it’s like to experien... ››› more
  • [02 October 2013]
  • Is City Power the victim of sabotage?
  • Following blackouts that hit large areas of Johannesburg last week, City Power has pointed the finger at disgruntled employees. This happened after workers embarked on a wildcat strike in a stand against shift changes last Wednesday. Let's take a closer look at what's going on… Johannesburg’s City Power says that is will take “tough action… against employees” who are found to have play... ››› more
  • [09 September 2013]
  • Joburg City Power workers embark on a wildcat strike
  • Late yesterday afternoon, workers of Johannesburg City Power downed tools. The strike action affects a few hundred workers and has left parts of Johannesburg in the dark. Let's take a closer look at why the workers have resorted to strike action… Earlier today, it emerged that workers of Johannesburg City Power have embarked on a wildcat strike. Late yesterday afternoon, “a couple of hund... ››› more
  • [05 September 2013]
  • South African consumer confidence bounces
  • South African consumer confidence, measured by the First National Bank (FNB) and the Bureau for Economic Research (BER), index came out earlier today. And the data showed a nice bounce after a dismal first quarter. Read on to find out what the data revealed… After the FNB/BER consumer confidence index (CCI) hit a “nine year low” in the first quarter, reports IOL, the second quarter showed ... ››› more
  • [31 July 2013]
  • The power crisis saga continues as Eskom announces six month delay at Medupi
  • We all know the crippling effects of power outages, which have marred South Africa for years. And it doesn't look like it's going to get any better over the next year or so. Today, Eskom confirmed its new power station Medupi won't start producing power at the end of the year as planned. Let's look at what's been going on… Earlier today, Eskom announced that power from “its new Medupi plant... ››› more
  • [08 July 2013]


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