5 important things happening in South Africa today
·13 Feb 2019
Here’s what is happening in and affecting South Africa today:
- Trade federation Cosatu will embark on a nation-wide strike today in an attempt to shutdown South Africa in protest of the plan to split Eskom. Unions refuse to accept the prospect of any job losses. [ENCA]
- Due to the shortage of generating capacity, Eskom will continue to implement stage 3 load shedding today from 08h00 until 23h00. The power utility said it will try to end rotational blackouts by the end of the week. [Eskom]
- Public enterprises minister Pravin Gordhan says that external experts will have to be brought in to help manage the Eskom crisis. Gordhan detailed several crisis-level issues at Eskom, including how costs have increased by seven times. [Mail & Guardian]
- Former ANC MP Vytjie Mentor has ended her state capture testimony in a far weaker position, after being grilled on her account of events – from almost a decade ago – which appeared to be full of holes and unsubstantiated claims. Mentor at times contradicted and refuted evidence at hand. [Daily Maverick]
- The rand firmed on Tuesday, supported by rising risk appetite globally and recovering from a sharp selloff in the previous session when it was hit by a sudden escalation of controlled power cuts in South Africa. On Wednesday the rand was at R13.72 to the dollar, R17.70 to the pound and R15.55 to the euro.
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