The rand traded above R16 against the dollar on Tuesday after Eskom implemented stage 6 load-shedding for the first time since 2019.
The move by the state-owned power utility comes after a week of illegal strikes by Eskom workers over wage negotiations gone awry, and as diesel reserves at its emergency power plants runs low...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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