South African Power Shortage Bites

South Africa’s national utility Eskom – struggling with a serious liquidity crunch, frequent strikes, a credit downgrading to junk status as well as top-management changes – has implemented frequent blackouts this year as it cannot produce enough electricity to meet demand.

The blackouts threaten mining and coal loading activity at South Africa’s massive Richards Bay export terminal…..http://reut.rs/1Q4i1o8

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