South Africa’s Power Shortages Threaten Global Platinum Markets

South Africa’s power supply crisis may have far-reaching consequences for the global platinum market, warns a new industry report prepared for Singapore-based Auctus Metal Portfolios. If power outages in the country continue and disrupt production, the impact on platinum production may be catastrophic. South Africa produces 73% of the world’s platinum, so any profound decline […]

Stage 6 Load Shedding This Week: Schedule Released by Eskom

Eskom, the South African power utility company, has released an updated schedule for load shedding this week. The plan will see the implementation of Stage 6 load shedding, which will continue daily from 4 pm to 5 am until Friday while various stages will be implemented during the day. The breakdowns remain persistently high, with […]

The Winter of Load Shedding: Energy Experts Issue Warning

Energy experts are raising concern about Eskom’s coal fleet Energy Availability Factor (EAF) hovering at around 50%. This means that only half of the available power is being generated by the giant utility firm, and this could lead to higher stages of load shedding this winter. Lungile Mashele, an energy economist, has explained that the […]

Eskom’s Latest Announcement: Brace for Stage 6 Load Shedding

Load shedding, the process through which the power utility Eskom deliberately switches off electricity supply to prevent the grid from collapsing, has been increased to stage 6 this week. Eskom had previously announced that stage 3 load shedding would continue until 5:00 am on Tuesday, however due to “delayed return to service” of several generating […]

Load Shedding at Stage 6 Sweeps Across South Africa

South Africans have once again been plunged into darkness as Eskom announced an all-day stage 6 load shedding until further notice. The move is due to a further breakdown of generating capacity at Medupi power station, which has exacerbated an already critical situation. Load shedding will be pushed to stage 6 from 16h00 this afternoon […]