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Daily podcast – January 28, 2015

Daily podcast – January 28, 2015

28th January 2015

By: Leandi Kolver
Creamer Media Deputy Editor

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January 28, 2015.
For Creamer Media in Johannesburg, I’m Leandi Kolver.
Making headlines:

Load shedding resumes as dam levels run low.
The IMF's Christine Lagarde warns African economies of headwinds from China and the US.
And, at least eight people have died as gunmen storm a Tripoli hotel.

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Power utility Eskom would again be implementing stage one load shedding between 10:00 and and 10:00 pm on Wednesday, to enable it to manage dam levels at its pumped storage schemes.

The utility said its pumped storage scheme dam levels were low because it wasn’t able to pump the water back to full capacity over the past weekend. This was mainly because they were in use over the weekend to meet demand.

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Ordinarily, the weekends are used to pump dam levels to maximum capacity in preparation for the forecasted increased demand in electricity during the week, Eskom said in a statement.


International Monetary Fund head Christine Lagarde has warned that African economies could be hurt by a slowdown in China's economy and an imminent hike in US interest rates.
Lagarde said the IMF's global economic forecasts have been revised down over the past few months despite a huge fall in oil prices.

She called for "vigilance" across Africa and added this slower growth had implications for a continent that is now more integrated into the global economy than ever before.

Lagarde said the overall outlook for sub-Saharan Africa was promising at close to 5%, but growth forecasts for the region have been trimmed due to lower oil and commodity prices.


At least eight people, including five foreigners, were killed when gunmen stormed a luxury hotel in the Libyan capital Tripoli on Tuesday.

It was not immediately clear who staged the attack, but the SITE monitoring service said a militant group claiming affiliation with Islamic State had claimed responsibility. Islamic State has seized swathes of Syrian and Iraqi territory.

Libya is mired in conflict between two rival governments – an internationally recognised one based in eastern Libya and a rival administration set up in Tripoli after an armed faction called Libya Dawn took over the capital.


Also making headlines:

The rand remained on the back foot against the dollar on Wednesday after weakening to one-week lows overnight, as investors fretted about the impact of South Africa's electricity shortage on economic growth.

Many leading backers of the International Criminal Court will ignore Israel's call for them to cut funding in response to an inquiry into possible war crimes in the Palestinian territories.

And, Malawi will likely miss this year's 5.8% economic growth forecast after weeks of heavy rain killed scores of people and washed away the country's staple crop.

Don’t forget to follow us on Twitter [@PolityZA]
That’s a roundup of news making headlines today.

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