By Nqobile Dludla. Editing by Jane Merriman | Reuters
JOHANNESBURG (Reuters) – South Africa’s mining industry body on Monday urged the government to bring on stream new private sector power sources to ease the power crisis that has pushed the country to the brink of recession.
Struggling state-owned utility Eskom was forced to implement power cuts across the country last year and also last week even though many businesses and factories were closed for the holidays.
The power cuts have piled pressure on President Cyril Ramaphosa, who came to power with a pledge to revive investor confidence and boost economic growth.
The Minerals Council South Africa said the insecurity in power supplies plus rapidly increasing costs were at the forefront of the constraints on the economy and mining industry….Full Story