South African insurance companies add exclusion for total Eskom grid collapse
Several big South African insurance companies won’t cover their customers for certain damages related to the failure of Eskom’s power grid. Moneyweb first reported on the development after seeing an email that Hollard Insurance sent to clients notifying them of a new “Electricity Grid Failure” exclusion added…
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Eskom announces permanent load-shedding
Eskom will implement permanent load-shedding in South Africa for the next two years, the state-owned power utility’s chairman Mpho Makwana has said. In a media call on Sunday, Makwana warned that South Africans should expect continuous stage 2 to stage 3 power cuts for the next…
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