5 important things happening in South Africa today

Here’s what is happening in and affecting South Africa today:

  • Eskom once again dominated local headlines after announcing an unheard of stage 6 load shedding, resulting in up to nine hours of blackouts per day for most households, although the utility reverted to stage 4 after only a few hours. While the rand held steady in the face of the power crisis, the latest rolling blackouts will add additional pressure to the already struggling economy, said Bianca Botes, treasury partner at Peregrine Treasury Solutions. On Tuesday, the rand is trading at R14.67 to the dollar, R19.20 to the pound and R16.23 to the euro.

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5 important things happening in South Africa today