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Eskom’s power cuts dampen S. African jobs outlook
Eskom extended its massive power cuts yesterday, sending the country’s moribund economy into a tailspin, despite a marginal improvement on the country’s employment print. The debilitating load shedding entered its second consecutive day, leaving industry stuttering after the power utility cut 3 000MW from the grid, despite President Cyril Ramaphosa expressing his disgust and interventions from Public Enterprises Minister Pravin Gordhan. On Monday, Eskom sliced 4 000MW from the grid. Analysts warned that the continuing power cuts would undermine the slight shift in unemployment, which improved marginally ... (full story)