South Africa

Eskom to implement stage 2 load shedding

Eskom will implement stage two load shedding from 16:00 to 22:00 on Wednesday, it told Fin24, News 24 reports

According to the supplier’s Twitter account it will cut 2 000MW of electricity during the load shedding period.

This is due to a shortage of generation capacity as several units are currently out of service due to planned and unplanned outages.

“Any additional changes on the already vulnerable and constrained power system could lead to a change,” Eskom said.

Minister of Public Enterprises Lynne Brown told parliament on Wednesday the power outages were costing the economy between $1.7bn and $6.8bn a month and that she was concerned about the management at state-owned Eskom.

“I am very worried because Eskom is a strategic asset, all of our lives depend on it,” she said.

Eskom’s Tsotsi face vote of no confidence

Eskom’s board will hold a vote of no confidence in chairperson Zola Tsotsi, a government source and a source at Eskom told Reuters on Wednesday.

Finance Minister Nhlanhla Nene said on Tuesday government is taking measures to resolve the problems at Eskom and to address its financial sustainability.

“The financial package (for Eskom) was proposed in the MTBPS (mini budget)… and confirmed in (the February) budget,” said Nene.

“We are on track on the financial sustainability of Eskom,” he said, noting that Deputy President Cyril Ramaphosa would be fleshing out the details of the work of the “war room” on Eskom that he leads.