Rolling blackouts in South Africa are set to continue on Thursday as some generating units are still down, after a week of heavy rains across parts of the country caused flooding, aggravating problems at struggling power firm Eskom.
South Africa’s economic performance made headlines for all the wrong reasons last week, hardly the start to the festive season we all would have liked. The reality is that the road to economic recovery for South Africa is going to be long and bumpy.
Zambia’s electricity supply shortage increased to 810 megawatts (MW) in November from around 750 MW in September, state power firm Zesco said on Thursday, adding it would quickly commission new power plants to plug the gap.
Airline industry profits will come in lower than forecast this year as passenger numbers and cargo volumes are held back by slowing economic growth and global trade wars, the International Air Transport Association said.