
South Africa Hit by Record Blackouts, Raising Recession Risk
LAGOS DECEMBER 10TH (NEWRANGERS)-South Africa’s state power company intensified rolling blackouts to a record, signaling a deepening crisis at the debt-ridden utility and raising the risk of a second recession in as many years. Eskom Holdings SOC Ltd. said on Monday it will move to Stage 6 load-shedding from 6 p.m. local time, meaning it…