{"id":361330,"date":"2019-12-11T08:10:35","date_gmt":"2019-12-11T06:10:35","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=361330"},"modified":"2019-12-11T08:10:35","modified_gmt":"2019-12-11T06:10:35","slug":"eskom-load-shedding-enters-day-7","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/energy\/361330\/eskom-load-shedding-enters-day-7\/","title":{"rendered":"Eskom load shedding enters day 7"},"content":{"rendered":"<p>Eskom will introduce stage 2 rotational load shedding until 23h00 on Wednesday evening (11 December), it said in a statement.<\/p>\n<p>The embattled power utility said it would communicate if there is a change in the system during the day.<\/p>\n<p>&#8220;Load shedding has been reduced to stage 2 as we have made good progress in the system recovery largely as a result of several units being returned to service and the recovery from localised flooding at our power stations.<\/p>\n<p>&#8220;As the generating plant continues to perform at low levels of reliability, any unexpected shift such as an increase in unplanned breakdowns could result in a change in the load shedding stage at short notice.&#8221;<\/p>\n<p>Internal Eskom status updates <strong><a href=\"https:\/\/www.fin24.com\/Economy\/eskom-multiple-systems-failures-but-grid-remains-stable-and-wont-collapse-20191211-2\" target=\"_blank\" rel=\"noopener noreferrer\">reveal<\/a> <\/strong>that a number of power stations across the country &#8211; including Koeberg nuclear power station, three turbines at two open-cycle gas turbines on the west and south coasts &#8211; have recently suffered a series of breakdowns, shutdowns and planned outages.<\/p>\n<p>Eskom said that the probability of load shedding also remains high for the rest of the week.<\/p>\n<p><strong>Damage to economy<\/strong><\/p>\n<p>Head of Capital Markets Research at Intellidex, Peter Attard Montalto, said that load shedding, SAA, fiscal deterioration and ratings are not enough of a threat or a shock to a faster pace of reform within a capacity-constrained state.<\/p>\n<p>\u201cAs such growth forecasts have fallen since the last reform tracker update even though notional the reform outlook has improved marginally,\u201d he said.<\/p>\n<p>\u201cWe now see growth at 0.4% this year, 1.1% next year then 1.5% for 2021 and 1.9% for 2021 (from 0.6%, 1.5%, 1.7% and 1.9% previously) \u2013 but with strong downside risks still to these numbers.<\/p>\n<p>\u201cWith load shedding now this year could easily fall 0.1% and if load-shedding continues, next year by 0.5% or so.\u201d<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/business\/361242\/how-the-latest-round-of-load-shedding-will-hit-south-africas-economy\/\" target=\"_blank\" rel=\"noopener noreferrer\">How the latest round of load shedding will hit South Africa\u2019s economy<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eskom will introduce stage 2 rotational load shedding until 23h00 on Wednesday evening (11 December), it said in a statement.<\/p>\n","protected":false},"author":10,"featured_media":301154,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[26],"class_list":["post-361330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/361330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=361330"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/361330\/revisions"}],"predecessor-version":[{"id":361346,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/361330\/revisions\/361346"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/301154"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=361330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=361330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=361330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}