![]() The delay is likely to add further pressure on the grid during winter, when loadshedding across most parts of the country is already more than 10 hours a day. ![]() South Africa's struggling state utility Eskom told parliament on Tuesday that there would be a 45-day delay in returning a generating unit online, according to local media. ![]() At one point the yield rose above 9%, its highest in almost six months. At 1505 GMT the 2052 maturity was down 0.77 cents in the dollar to 82.8 cents, having fallen more than 1 cent earlier in the day. South Africa's sovereign dollar bonds dropped, with longer dated maturities falling the most. On Tuesday, the rand had fallen about 1.7%. dollar, its weakest level since early May 2020. ![]() JOHANNESBURG, May 10 (Reuters) - The South African rand plunged to a three-year low on Wednesday after a steep drop in the previous day, while international and domestic government bonds also fell, as fears grew of scheduled blackouts known as loadshedding worsening during winter.Īt 1530 GMT, the rand was trading at 18.8750 against the U.S. ![]()
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