Monday, February 23, 2026
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

South Africa’s Power Grid is Failing – Investment Watch

by IWB
March 21, 2023
in Investing
Reading Time: 3 mins read
A A
0
Home Investing
Share on FacebookShare on Twitter


by Martin Armstrong

South Africa is desperate for allies, economic allies. The country is failing and the people are suffering. There is international outrage right now misdirected at South Africa for its desire to host the Bric summit with Russia, China, Brazil, and India. The International Criminal Court (ICC) wants to arrest Putin for his war crimes, and President Cyril Ramaphosa is defending his position to invite Putin before the invitations for the event have even gone out. I warned that countries who were previously banned from discussions at the big table would turn to China and Russia for support since the West has abandoned them. “What about Ukraine!” the media cries. Well, what about South Africa? No one comments that the conditions in South Africa are WORSE than in Ukraine during an active war.


South Africa was in a bad spot economically long before COVID. GDP grew by a mere 1% between 2012 and 2021, according to the World Bank. The nation’s entire infrastructure is crumbling, and the power grid is on the verge of complete failure. Blackouts are common, and many blame state-owned power plant Eskom which routinely cuts off the power grid to produce “rolling blackouts” to conserve power. These “rolling blackouts” can last over 12 hours. This affects fuel availability, phone and internet coverage, traffic lights, power to hospitals, etc. It also limits the availability of food and water. Crime is more prevalent during blackouts as there are no cameras or security systems. Rape and crimes against women are disgustingly common. Civil unrest is so prevalent that the president issued a “state of disaster” warning on February 9, long after the situation became irreparable.

 

(click on the image for higher resolution)

Statistics vary but there are about 82 murders per day in South Africa. The South African Police Service reported 7,555 murders from October to December 2022. As you can see from the chart above, crime is rapidly escalating. People are murdering farmers and anyone with a surplus of food. “Most murders take place in a public place, such as a street or an open field or a parking area – or at the residence of the victim (including places known to the victim or perpetrator),” Business Tech reported. “The Purge” is essentially taking place in South Africa right now.

So what is the world police doing about this situation since they care so much about helpless nations? Nothing. The US government issued a warning that Eskom’s power grid will collapse. They are warning that there will be no water, sewage pumps, or fuel, and the nation will effectively come to a standstill. Eskom said that in the “best case scenario,” it would take 6 to 14 days to restart the power grid. Experts believe it will take longer if they can manage to restore the power at all. “What’s left after a blackout would be what was left after a civil war,” an anonymous source said.

Poverty and the ongoing conflict have destroyed South Africa. The media would like people to believe that the nation is an enemy of the West because it is remaining neutral in the Russia-Ukraine conflict. How exactly is it supposed to offer any aid when its own people are starving? The West even had the audacity to ask South Africa to support the climate change agenda, as if they have access to stable energy. One can only hope that the Bric summit is permitted this year and Xi and Putin can offer aid to South Africa’s people.



Source link

Tags: AfricasfailingGridInvestmentPowerSouthWatch
Previous Post

UBS Aims to Boost Its Dealmaker Ranks, Not Spin Out First Boston

Next Post

Bitcoin Miners Find Relief As Revenues Spike To Highest Since June 2022

Related Posts

Why Static Portfolios Fail When Risk Regimes Change

Why Static Portfolios Fail When Risk Regimes Change

by Index Investing News
February 20, 2026
0

How shifting correlations, volatility, and macro drivers undermine conventional diversificationIn March 2020, diversification broke down as a result of liquidity...

Monthly Dividend Stock In Focus: Plaza Retail REIT

Monthly Dividend Stock In Focus: Plaza Retail REIT

by Robert Ciura
February 19, 2026
0

Revealed on February nineteenth, 2026 by Bob Ciura Month-to-month dividend shares have prompt enchantment for a lot of earnings traders....

What the Market Knows That WACC Doesn’t

What the Market Knows That WACC Doesn’t

by Kevin Prall, CFA
February 19, 2026
0

Valuation sits on the coronary heart of strategic decision-making. At its core, it's the trade-off between as we speak’s capital...

Monthly Dividend Stock In Focus: Northview Residential REIT

Monthly Dividend Stock In Focus: Northview Residential REIT

by Robert Ciura
February 19, 2026
0

Revealed on February 18th, 2026 by Bob Ciura Month-to-month dividend shares have on the spot enchantment for a lot of...

10 High Dividend Stocks With Low Volatility

10 High Dividend Stocks With Low Volatility

by Robert Ciura
February 18, 2026
0

Revealed on February 18th, 2026 by Bob Ciura On the earth of investing, volatility issues. Buyers are reminded of this...

Attention Bias in AI-Driven Investing

Attention Bias in AI-Driven Investing

by Toghrul Aghbabali
February 18, 2026
0

The advantages of utilizing synthetic intelligence (AI) in funding administration are apparent: quicker processing, broader info protection, and decrease analysis...

Next Post
Bitcoin Miners Find Relief As Revenues Spike To Highest Since June 2022

Bitcoin Miners Find Relief As Revenues Spike To Highest Since June 2022

Amid stablecoin turbulence, Djed to expand to Ethereum, Binance Smart Chain

Amid stablecoin turbulence, Djed to expand to Ethereum, Binance Smart Chain

Supreme Court tariff ruling boosts China’s leverage before Trump-Xi summit

Supreme Court tariff ruling boosts China’s leverage before Trump-Xi summit

February 23, 2026
How to watch Paradise season 2 online from anywhere

How to watch Paradise season 2 online from anywhere

February 23, 2026
Alphabet’s Fastest-Growing Segment Makes the “Magnificent Seven” Stock an AI Leader

Alphabet’s Fastest-Growing Segment Makes the “Magnificent Seven” Stock an AI Leader

February 23, 2026
North Korea’s Kim Jong Un re-elected as chief of Workers’ Party | Kim Jong Un News

North Korea’s Kim Jong Un re-elected as chief of Workers’ Party | Kim Jong Un News

February 22, 2026
Google is sunsetting the weather app on Android

Google is sunsetting the weather app on Android

February 23, 2026
Evelyn Farkas on Alliances, Ukraine, and China’s Growing Challenge – The Cipher Brief

Evelyn Farkas on Alliances, Ukraine, and China’s Growing Challenge – The Cipher Brief

February 23, 2026
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Supreme Court tariff ruling boosts China’s leverage before Trump-Xi summit

How to watch Paradise season 2 online from anywhere

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In