Blackouts a worry: Lehman

(Fin24) - Global analysts Lehman Brothers has expressed concern over the effect of Eskom's blackouts on infrastructure-related work in South Africa.

Wide-scale blackouts continued over the weekend as Eskom could not keep up with demand.

"Of concern are reports in the local press that the power cuts are now affecting infrastructure work related to the World Cup and industry in general," said the analysts in a research note.   

According to the energy supplier, the country needs to reduce its load demand by about 20%.
 

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