Nene: SA needs to urgently resolve the energy crisis
Finance Minister Nhlanhla Nene says resolving energy problems will help boost the struggling economy.
Nene is speaking at the Organisation for Economic Co-operation and Development in Johannesburg.
He says resolving energy problems will help boost the struggling economy.
At the same time, there's a possibility of load shedding later today and over the weekend depending on the performance of generators.
Energy expert Chris Yelland said, "The situation today has improved somewhat on the supply side, but I don't think one can rule out the possibility of load shedding if there are some further generator trips. But so far it looks good."
Meanwhile, Eskom on Thursday cleared all four executives who were suspended earlier this year following an investigation into the state utility.
CEO Tshediso Matona and three others were suspended for the duration of the investigation.
Matona and two other have since parted ways with Eskom, while the remaining executive will be reinstated.
Eskom's former chairman Zola Tsotsi announced in March that Matona and three senior executives had been suspended to allow for an independent inquiry.
The former Eskom CEO challenged his suspension and approached the Labour Court, but in May he parted ways with the utility, with Eskom stressing that it was an amicable parting.
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