5 important things happening in South Africa today

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

  • Eskom has announced that load shedding on Friday will be reduced to stage 1, and will apply from 08h00 to 23h00. However, the power utility said that rolling blackouts may be suspended after today, as more generating units come back online. Eskom CEO Jabu Mabuza said that while the grid remains severely constrained, South Africans could get a load-shedding-free weekend. [Reuters]
  • A sale of over R1 billion worth of the Gupta family’s assets is set to take place, as business rescue practitioners move to find revenue sources to cover the family’s debts. However, the state is unlikely to recover any money from the sale, as it will be used to pay back other creditors, and there are no formal charges against the family. The sale includes the family’s properties in Saxonwold, and other properties in La Lucia and Constantia, as well as two private jets. [M&G]

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5 important things happening in South Africa today