South African President Cyril Ramaphosa will not be attending the World Economic Forum (WEF) in Davos due to the ongoing energy crisis in the country
Power cuts have worsened since Tuesday when struggling state utility Eskom, which generates more than 90 percent of the country’s power,
said it would implement its worst-ever outages until further notice. The beleaguered utility supplies the vast majority of South Africa’s electricity
Currently the President is convening a meeting with leaders of political parties represented in parliament, NECCOM [National Energy Crisis Committee] and the Eskom board
Eskom has also had to deal with strikes by its workforce, including most recently in June after negotiations with trade unions including the National Union of Metalworkers of South Africa broke down.
The loss-making utility, saddled with a huge debt pile approaching 400 billion rand ($25bn), is trying to contain costs as part of turnaround efforts under Chief Executive Andre de Ruyter.