5 important things happening in South Africa today

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

  • Public Enterprises minister Pravin Gordhan says the reason SAA was put into business rescue, instead of leaving it be liquidated, was to save the 10,000 jobs tied to the business. Gordhan said that government could not allow it to “fail in an uncontrolled fashion”. However, economists and analysts have questioned the R4 billion ‘bailout’ attached to the business rescue, saying it’s throwing money into a black hole. [Reuters]
  • Stage 2 load shedding will continue on Monday until 23h00 at night. Eskom said it lost additional generating units on Sunday evening, with unplanned outages back up to 12,000MW – this resulted in additional use of diesel and water, which means the power utility was unable to restock supplies to avoid load shedding during the week. [Eskom]

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5 important things happening in South Africa today