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Record blackouts shut South Africa’s mines

Bloomberg Platinum and gold mines in South Africa stopped operations as the country was hit by record levels of rolling blackouts that are crippling key parts of the economy, threatening another recession. Producers including Sibanye Gold Ltd, the world’s biggest platinum miner, recalled workers from underground and stopped milling ore after state-owned power utility Eskom Holdings SOC Ltd announced it ...

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Zimbabwe deepens power cuts to 24 hrs

Bloomberg Zimbabwe’s state-owned Zesa Holdings Ltd escalated power cuts to as long as 24 hours after losing regional power imports and local generation capacity remains critically constrained. The power utility has a non-binding agreement to import as much as 400 megawatts of power from South Africa’s Eskom Holdings SOC Ltd, which is unable to meet local demand and has implemented ...

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Airbus soars ahead Boeing amid 737 Max uncertainty

Bloomberg Shares of Airbus SE handily pulled ahead of rival Boeing Co. this year after a pair of fatal 737 Max plane crashes led to the grounding of the US model’s entire fleet. Airbus is poised to finish the year ahead of Boeing for the first time since 2015, with an increase of roughly 50% since the start of January, ...

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