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The Impact of Load Shedding on South Africa’s Property Market

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The Impact of Load Shedding on South Africa's Property Market

Load shedding in South Africa has not only disrupted daily life but has also influenced property market dynamics. Renier Kriek, the Managing Director at Sentinel Homes, highlights the intricate relationship between home enjoyment during blackouts and the long-term value of a property. Here’s a closer look at how load shedding impacts the property market.

The Impact of Load Shedding on South Africa’s Property Market

The Non-Financial and Financial Effects

Load shedding affects households both in non-financial and financial ways. On the one hand, it may lead to challenges like ineffective studying or the boredom of not having entertainment during blackouts.

On the other hand, the financial impact is more quantifiable. Longer commute times due to non-functional traffic lights, eating out more frequently to compensate for cooking difficulties, and increased expenses caused by food spoilage in non-functioning refrigerators are some of the consequences. Security concerns may also prompt homeowners to invest in better physical security systems.

Investing in Alternative Energy Solutions

Given the challenges posed by load shedding, many households are turning to alternative energy solutions like inverters, generators, and solar panels. These investments not only provide convenience but also offer financial benefits. In the future, these considerations will be at the forefront of potential buyers’ minds.

Property Buying Trends

Buyers who can afford it often prefer homes in gated estates to ensure security during load shedding. This preference can make selling a standalone house in the same price range more challenging.

Properties equipped with alternative energy solutions or suitable for such installations are in higher demand among buyers.

South-facing roofs, which receive less sunlight for solar power systems, may affect a property’s value. However, alternatives like gas appliances can offset this limitation. The location is also a crucial factor, with areas offering more reliable electricity infrastructure and supply attracting buyers.

Ensuring a Smooth Sale

To maintain a property’s market value and attract buyers, homeowners should hire registered energy-solution experts. Incorrectly installed or maintained systems could lead to property damage or fires.

Checking the installer’s credentials with the industry body, such as the South African Photovoltaic Industry Association for solar power systems, is recommended.

Additionally, obtaining a certificate of compliance from a qualified professional is advisable when selling a property. These measures will likely remain important as long as load shedding continues to impact South Africa’s property market.

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Eskom Loadshedding will continue until 5:00 on Tuesday, as previously announced

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Eskom Loadshedding will continue until 5:00 on Tuesday, as previously announced

Until 05:00 on Tuesday, stage 4 loadshedding will continue. Until further notice, Stage 2 and 4 loadshedding will take place.

Eskom Loadshedding will continue until 5:00 on Tuesday, as previously announced

Monday, 10 July 2023: Stage 4 loadshedding is being implemented until 5:00 a.m. on Tuesday due to increased demand. On Wednesday, Stage 4 loadshedding will be implemented from 14:00 until 05:00, followed by Stage 2 loadshedding from 05:00 to 14:00.

Eskom Loadshedding Today

There will be a daily implementation of this pattern until further notice. A new update will be published if any significant changes are made.

As of now, 14 252MW of generating capacity has been damaged by breakdowns, while 4 118MW of generating capacity has been out of service for planned maintenance.

As of today, Duvha, Hendrina, Kendal, Kriel, Matimba and Medupi power stations have each reactivated a generating unit.

The Arnot and Tutuka power stations each had a generation unit out of service due to a breakdown during the same period.

Tutuka Power Station’s current capacity constraints are due to the delay in resuming two generating units. In order to restore service to the generating units, Eskom teams are working around the clock.

Members of the public are being encouraged to use electricity sparingly and efficiently, and we want to thank the people who do heed the call. During the period between 17:00 and 21:00, please turn off your geysers and pool pumps as this reduces demand, alleviates pressure on the power system, and contributes to fewer stages of load-shedding.

For Further Notice Visit Official Site 

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