Africa’s second largest economy, South Africa has been thrown into a massive blackout that could linger for weeks.
Eskom Holdings SOC Ltd., the debt-ridden state-owned power utility company has informed the country that the problem might not be resolved any time soon.
South Africa’s Public Enterprises Minister Pravin Gordhan was quoted by Bloomberg on Tuesday that operational issues at Eskom’s plants were compounded over the weekend by a loss of power imports from neighboring Mozambique, which was hit by a devastating cyclone.
As to how bad the problem is for South Africa, it is very bad because
the country is now in its seventh day of rotating blackouts.
Bloomberg reported that Eskom will cut 2,000 megawatts from the grid from 11 p.m. on Tuesday until 9 a.m. on Wednesday when it will escalate that to 4,000 megawatts.
