JOHANNESBURG (Reuters) - The rand firmed on Tuesday, supported by rising risk appetite globally and recovering from a sharp selloff in the previous session when it was hit by a sudden escalation of controlled power cuts in South Africa.

JOHANNESBURG (Reuters) - South African power utility Eskom implemented major electricity cuts for a third straight day on Tuesday, as a shortage of generating capacity exposed the frailty of the struggling state-owned firm despite government promi...

JOHANNESBURG (Reuters) - South Africa’s Eskom implemented the most severe power cuts in years on Monday after seven generating units unexpectedly went offline, underscoring the challenge President Cyril Ramaphosa faces to fix the struggling state-...

As the cash-strapped utility cut electricity for a fourth straight day, the government said the firm was technically insolvent and would “cease to exist” at the current trajectory by April without a bailout.

JOHANNESBURG - The rand firmed on Tuesday, supported by rising risk appetite globally and recovering from a sharp selloff in the previous session when it was hit by a sudden escalation of controlled power cuts in South Africa.

The logo of state power utility Eskom is seen outside Cape Town's Koeberg nuclear power plant in this picture taken March 20, 2016.

JOHANNESBURG/CAPE TOWN (Reuters) - South African power utility Eskom cut electricity for a fourth straight day on Wednesday, as the department of public enterprises warned the struggling state-owned firm needed a cash injection by April to survive.

JOHANNESBURG (Reuters) - South African President Cyril Ramaphosa’s plan to split struggling state power utility Eskom is a positive show of intent to investors but a lack of detail has raised market concerns that concrete change will take years to...

South Africans face a return of traffic gridlock and spoiled food as the struggling state power utility cuts supply for a third day to homes and businesses as it scrambles to prevent a total collapse of the grid.

The cash-strapped state-owned firm supplies 90 percent of the country’s electricity and last implemented blackouts in early December when it faced falling coal supplies.

The dollar out-stripped most other currencies, supported by good inflation data and weak growth in Europe.

JOHANNESBURG/CAPE TOWN (Reuters) - South African power utility Eskom needs a cash injection by April to survive, the country’s public enterprises department warned on Wednesday as the struggling state-owned firm cut electricity for a fourth straig...

South Africa’s debt-laden power utility raced to stabilise the grid by resorting to the most intense supply cuts in four years while Moody’s Investors Service warned a plan to fix it fell short.

Production of gold by South African mines retreated the most in six years in December as a strike at the nation’s top producer of the metal continued, Stats SA revealed.

JOHANNESBURG (Reuters) - South Africa’s rand firmed against the dollar in early session on Wednesday, supported by rising risk appetite globally on increasing hopes of a breakthrough in U.S.-China trade talks.

Pylons carry electricity from a sub-station of state power utility Eskom outside Cape Town in this picture taken March 20, 2016.

“By comparison, financial support coming first, with measures aimed at generating savings at Eskom materialising much later – given that they would entail unpopular decisions on electricity tariffs and/or additional cost-cutting that would require...

A staff member packs away books by the light of a mobile phone during an electricity load-shedding blackout in a shopping centre in Cape Town, South Africa, February 11, 2019.

“The rand was one the worst performing emerging market currencies on Thursday as growing concerns over Eskom triggered fears about the state of the South African economy,” Hussein Sayed, strategist at forex broker FXTM, said in a note.

JOHANNESBURG (Reuters) - South African trade union federation COSATU said on Tuesday that it opposed a proposal to split up Eskom into three different entities, adding that it would not solve the struggling utility’s governance and debt problems.