“To put this into context, 2021 was the worst year ever for load shedding, but in the first four months of this year, Eskom has implemented load shedding roughly for the same number of days, but at a much higher intensity,” the bank said in a research note on Tuesday .
An upside scenario will see load shedding risks abate over the second half of 2022 due to good progress with embedded generation and successful Eskom maintenance.
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