Sign up with GoogleRobin Hood
Expert Member
Sasol says it will continue to produce and supply fuel despite cutting its demand for power.
The petro-chemical giant has agreed to Eskom's request to reduce its electricity usage during the current round of enforced rolling blackouts.
On Thursday, the utility informed five major mining houses it couldn't guarantee them power for their operations.
As a result the businesses suspended activity at most of their gold and platinum mines.
The temporary closures have sent the prices of the precious metals to record levels, while the rand has weakened against the dollar.
Sasol's Benny Mokaba says Eskom turned to them as a last resort to stabilise the power situation.
The petro-chemical giant has agreed to Eskom's request to reduce its electricity usage during the current round of enforced rolling blackouts.
On Thursday, the utility informed five major mining houses it couldn't guarantee them power for their operations.
As a result the businesses suspended activity at most of their gold and platinum mines.
The temporary closures have sent the prices of the precious metals to record levels, while the rand has weakened against the dollar.
Sasol's Benny Mokaba says Eskom turned to them as a last resort to stabilise the power situation.