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Bloomberg

Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.

Load-shedding should ease in the next ten days, says De Ruyter

5th October 2022 Eskom CEO Andre de Ruyter said power cuts should start easing within the next 10 days when big generation units are expected to come back online.... 

Eskom’s chairperson says management to get ‘benefit of the doubt’

4th October 2022 Eskom Holdings' new chairperson Mpho Makwana said the board isn’t planning any immediate changes to management and will take between 30 and 60 days... 

Strikes cost South Africa 1.6m work days in first half

27th September 2022 South Africa’s work days lost due to strike action rose more than 30-fold in the six months through June compared with the same period a year... 

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Eskom to extend daily power cuts until Thursday

26th September 2022 South Africa’s struggling State-owned utility Eskom will extend power interruptions on the national grid until Thursday, the company said on... 

AfDB offers South Africa a financing deal to raise $41bn

23rd September 2022 The African Development Bank (AfDB) has suggested a plan to South Africa that will help the nation use the $8.5 billion in climate financing... 

Gordhan says record power cuts set to ease

22nd September 2022 Load-shedding should ease over the coming days and the nation’s electricity supply will continue to improve over the medium term as new investments... 

Africa poised for rate-hike week, though outliers multiply

21st September 2022 Africa’s three biggest economies are poised to raise interest rates this week, while policy makers in several other countries stake out different... 

Moderna gives WHO’s mRNA Hub some help, Pfizer snubs request

19th September 2022 Moderna has allowed its Covid-19 vaccine to be used in a World Health Organization effort to develop mRNA shots that would increase production and... 

Ramaphosa races home as South African energy crisis escalates

19th September 2022 South Africa is teetering on the brink of its most severe power cuts yet, just two months after the government announced emergency measures to try... 

Eskom CEO sees South African gas as key in transition from coal

16th September 2022 South Africa’s State power utility Eskom favours burning more domestically sourced gas as it transitions away from coal, its Chief Executive... 

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