{"id":788134,"date":"2024-08-24T18:51:59","date_gmt":"2024-08-24T16:51:59","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=788134"},"modified":"2024-08-24T18:51:59","modified_gmt":"2024-08-24T16:51:59","slug":"eskom-hits-load-shedding-milestone","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/energy\/788134\/eskom-hits-load-shedding-milestone\/","title":{"rendered":"Eskom hits load shedding milestone"},"content":{"rendered":"\n<p>South Africa has gone 150 consecutive days without any planned power outages, Eskom Holdings SOC Ltd. said Saturday.&nbsp;<\/p>\n\n\n\n<p>This milestone marks a dramatic turnaround from over a year ago when South Africa was plagued by persistent and&nbsp;<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-02-24\/south-africa-s-eskom-appoints-cfo-calib-cassim-as-interim-ceo\" target=\"_blank\" rel=\"noreferrer noopener\">record loadshedding<\/a>&nbsp;that disrupted daily life, inflated food prices, and eroded investor confidence.<\/p>\n\n\n\n<p>\u201cThe recovery plan has not only made Eskom\u2019s power stations more reliable but has also demonstrated enhanced efficiency,\u201d the state-owned power utility said.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Today marks yet another milestone in our journey towards ending load-shedding <a href=\"https:\/\/twitter.com\/hashtag\/EndingLoadshedding?src=hash&amp;ref_src=twsrc%5Etfw\">#EndingLoadshedding<\/a> <a href=\"https:\/\/t.co\/Ym2F9dziX9\">pic.twitter.com\/Ym2F9dziX9<\/a><\/p>&mdash; Dr Kgosientsho Ramokgopa (@Kgosientsho_R) <a href=\"https:\/\/twitter.com\/Kgosientsho_R\/status\/1827195592428154955?ref_src=twsrc%5Etfw\">August 24, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Th turnaround began with the appointment of Kgosientsho Ramokgopa as the country\u2019s first-ever Electricity Minister in March 2023, a role created in response to the escalating energy crisis.&nbsp;<\/p>\n\n\n\n<p>Alongside this, the government injected $14 billion into Eskom to stabilize the utility as well as appointing Dan Marokane as its permanent chief executive officer in December.<\/p>\n\n\n\n<p>The rand has responded well to the development after ending 2023 as one of the few emerging market currencies with losses versus the dollar.<\/p>\n\n\n\n<p>Its fortunes have been boosted by the improvement in electricity supply along with a coalition government that\u2019s considered market-friendly after the May election.<\/p>\n\n\n\n<p>The currency has gained 3.7% in the year-to-date and trades at about 17.7037 per US dollar.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/energy\/787917\/electricity-refund-on-the-cards-for-south-africans-across-112-municipalities\/\">Electricity refund on the cards for South Africans across 112 municipalities<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eskom has announced that South Africa has gone 150 days without load shedding.<\/p>\n","protected":false},"author":59,"featured_media":779405,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[1164,1165],"class_list":["post-788134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-eskom","tag-load-shedding"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/788134","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\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=788134"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/788134\/revisions"}],"predecessor-version":[{"id":788136,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/788134\/revisions\/788136"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/779405"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=788134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=788134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=788134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}