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Blackouts Present Biggest Risk to South Africa’s Economy

South Africa has an electric bill coming due that’s threatening everything from its swimming pools to its sovereign debt.

Consumers are asked almost daily to switch off their water heaters, pool pumps and anything else that will save power during peak periods. Industrial customers are also asked to conserve energy, even if it means reducing production. And when that’s not enough, Eskom Holdings SOC Ltd. orders managed blackouts.