Thursday, October 11, 2007

South Africa's Neighbors Stock Up On Candles

As we continue to count down to Africa's coming out party (while listening to FIFA's assurances), South Africa's neighbors are set to have their electricity cut back between June 11th and July 11th, 2010. South Africa's main power provider, Eskom, is holding out the right to cut the juice to countries like Namibia and Zimbabwe if local power needs are not being met.

Eskom is not willing to publicly say if they have the capacity to deal with the World Cup as well as it's residential and commercial exports. Johnny Dladla, managing director of the company's 2010 World Cup Committee, would only go so far as to say that "the system will still be tight."

Sounds like the price of candles and matches just went up.

South African Blackouts Ease as Industries Cut Usage [Bloomberg]


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