For the first time in almost three weeks, Eskom announced yesterday that there was a high risk of stage 1 load shedding. This was due to a shortage of capacity due to the loss of generating units at power stations. Mining output in February was horrific: Production slumped by 7. Diamond output halved, while gold and iron ore production was down more than 20%.
The new report wreaked havoc on the JSE's mining sector yesterday, with AngloGold down almost 4% and Anglo Platinum slumped 4.