S&P Global upgrades South Africa credit rating
S&P Global upgraded South Africa’s foreign currency credit rating to BB, citing stronger growth, fiscal improvements, and Eskom performance.
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Eskom
Snow, high winds kill 5, cut power as winter storm sweeps South Africa
The storm began rolling in over the weekend, and by Monday snow was falling across the Eastern Cape, KwaZulu-Natal and Free State provinces
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S Africa limits Eskom’s air quality rule exemptions
South Africa grants Eskom limited emissions exemptions but requires stricter monitoring, health services, and environmental measures to reduce harm.
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Unplanned trip forces South Africa nuclear plant unit to shut down
A unit at South Africa’s Koeberg nuclear power plant was shut down after an unplanned trip, with Eskom expecting it to be reconnected within 48 hours.
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South Africa faces severe power cuts as generation units fail
On Saturday, Eskom enforced Stage 3 power cuts, which reduced the national grid’s capacity by 3,000 megawatts
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McKinsey Africa faces fine for bribing South African officials
The company admitted to paying bribes to officials at state-owned enterprises to secure lucrative consulting contracts.
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Anti-graft unit exposes years of corruption in South Africa
The report by South Africa’s anti-graft unit reveals widespread corruption at top state-owned companies, totaling more than $7 billion in losses.
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South Africa’s energy crisis arises as blackouts achieve 100 days
South Africa’s Eskom expects a $823 million annual loss despite ending blackouts, attributing the loss to high diesel costs for power generation.
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