Ferrochrome

Eskom has secured a medium-term new power agreement with ferrochrome producers, including Samancor Chrome and Glencore-Merafe, at a discounted tariff of 62c/kWh to revive operations and save thousands of jobs. The deal, which requires Nersa approval within 30 days, aims to restore up to 1,500MW of load by year-end. CEO Dan Marokane hailed it as a boost to Eskom's liquidity without needing higher tariffs or more borrowing.