Eskom said it has reached an agreement with residents of Dobsonville in Soweto who have been protesting after the power utility switched off their electricity.
Eskom says the system is still extremely constrained and vulnerable, with generating plants performing at very low levels or reliability.
Former Eskom Chairperson and Business man Reuel Khoza says Eskom could perform better if all the directors who proved their capabilities at the power utility could be asked to come back.
Eskom warns of a high risk of load shedding later on Friday. The power utility says its system remains constrained and there’s a need to continue to replenish its reserves.
Eskom has warned of a high risk of loadshedding for Friday.
President Cyril Ramaphosa has assured potential investors that plans are in place to support Eskom.
Independent energy consultant Andrew Kenny has warned that Eskom will continued to be a financial drain for government because of its rising operating costs.
Eskom says it has noted with disappointment Moody’s decision to downgrade the power utility’s credit rating of its unsecured debt deeper into sub investment grade.
Eskom is appealing to South Africans and businesses to use electricity sparingly as the electricity system is severely constrained and will remain so until Thursday.
Dominating business news this week was Finance Minister Tito Mboweni’s Medium Term Budget Policy Statement, and Public Enterprises Minister Pravin Gordhan’s Special Paper on Eskom.