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/ 22 January 2008
Weddings in the dark, disgusted tourists and business owners leaving the country are some of the effects Eskom’s power failures are having, according to postings on a website dedicated to the problem. In the first 48 hours of operation, www.eskomstories.co.za has received about 2Â 000 letters.
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/ 22 January 2008
An electricity shortage that has led to frequent power disruptions in South Africa could chase away investors, denting growth and portfolio inflows and weakening the rand. Economists estimate the cost to the economy has run into hundreds of millions of rands, adding to the woes brought on by the falls in financial markets.