Eskom: Uncertainty is the issue as mines grind to a halt
South African mines have ground to a halt as Eskom asks for 20% power savings. But apart from the actual power crisis, uncertainty about when load-shedding will be needed, is a main issue.
Henk Langenhoven, Chief Economist at Minerals Council South Africa and Peter Attard Montalto, Head of Capital Markets Research at Intellidex, both agree that unpredictability is a big problem.
Uncertainty of whether it will happen tomorrow is the issue.Henk Langenhoven, Chief Economist - Minerals Council South Africa
The minute one problem is fixed, another turns up.Peter Attard Montalto - Intellidex
Listen to the interview below.
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This article first appeared on 702 : Eskom: Uncertainty is the issue as mines grind to a halt
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