This is how load shedding battered the Rand to record lows

The impact of loadshedding on the Rand is becoming more evident as the higher stages continue to keep South Africans literally in the dark, with the currency sliding to over 18 dollars each. Last week started with stage 6 load shedding, which was only lowered to stage 4 by the weekend, with the latest announcement being that stage 3 (ramping up to stage 4 during evening peaks) will be implemented until Thursday this week. According to the data for Eskom’s energy availability factor (EAF), which refers to the percentage of installed capacity available to the grid at a point in...