If you want to get into the stock market, we suggest investing your money into any well-known candle manufacturers: They are going to be very busy for the foreseeable future, as Eskom continue to roll out their punishing load shedding schedules.
Throughout Monday night and into Tuesday morning, Stage 2 load shedding has been in effect – rising to Stage 4 load shedding from 9:00, and lasting until 23:00. It’s getting tough for the citizens of Mzansi to operate in the dark, but at least abundant sunshine and pleasant temperatures are making things bearable.
Load shedding crisis: Predictions for winter
But will we be able to say the same in winter? Probably not. Two senior energy experts are hinting at the possibility of a long, protracted saga with these rolling blackouts, as Eskom continue to wilt under the pressure.
Ted Blom made it clear on Monday that he didn’t just believe these current issues would plague South Africa through winter, but that we’d be stuck with the “on-again, off-again” schedule for the next five years:
“These cuts overnight are not acceptable. It is reckless and irresponsible to run an economy like this. The only rational thing to do is to put Eskom into business rescue, but the government don’t want to do it. Until Eskom sort out their coal procurement contracts, we are looking at this for another five years.”
Eskom “to make like difficult” for South Africans
Meanwhile, Chris Yelland has forecast there will be issues to come during our coldest months. He says the threat of load shedding has the potential to spook the international interest in South Africa, as Eskom persist in showcasing their incoherent strategy towards problem-solving.