Bloomberg South Africa’s state-owned power company, Eskom Holdings SOC Ltd., will carry on cutting 2,000 megawatts of electricity from the national grid indefinitely due to the breakdown of five generating units, reversing plans to suspend the outages on New Year’s Eve, the utility said in a text message. Eskom has cut power on a record 205 days this year, with ...

Bloomberg China’s abrupt reversal of its Covid Zero policy pushed economic activity — its service sector in particular — to the slowest pace since February 2020, as the virus swept through major cities and prompted people to stay home and businesses to shut. The official manufacturing purchasing managers index fell to 47 this month from November’s 48, the National Bureau ...

Bloomberg Tesla Inc is starting 2023 as it ended 2022: with incentives aimed at propping up sales in China. The carmaker is offering Model 3 sedan and Model Y sport utility vehicle buyers as much as 10,000 yuan ($1,450) if they take delivery by February 28, according to Tesla’s website. The company is extending a 6,000-yuan subsidy it started offering ...