Power generation fell for sixth straight month in August, while plant breakdowns saw Eskom’s energy availability factor dropping to the lowest on record this week
Electricity production fell for a sixth consecutive month in August, and with the further power cuts in September and the prospect of more in the months to come, SA could be headed for recession in the third quarter.
Stats SA on Thursday said electricity production declined by 2.0% year on year in August — adding to the steep declines of 7.7% and 4.0% in July and June, respectively — when illegal strikes at several power plants and a series of plant resulted in Eskom ramping up load-shedding to stage 6...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article?
Register (it's quick and free) or sign in now.