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Eskom Breaks Winter Prediction on South African Power Cuts
JOHANNESBURG (Capital Markets in Africa ) — South Africa’s state-owned power utility has reneged on its prediction that there would be only three days of electricity rationing during the nation’s winter season. Eskom Holdings SOC Ltd. implemented the nationwide rotational power cuts for a fourth straight day on Monday to replenish emergency generation reserves needed during the week, the utility said on Twitter. Pump-storage plants and turbines that burn costly diesel are used to meet peak…
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