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Power outages cost South African economy up to $6.64 billion per month

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South Africa-based Eskom Holdings SOC Ltd. is currently rolling out a new set of blackouts, its second in 2015, that is likely to negatively affect the country's struggling economy, Ventures Africa reported.

The power firm's third and fourth set of blackouts in 2015 would hit the already struggling mining industry and small businesses, said an economist.

Power outages have been costing the country's economy between 20 billion and 80 billion South African rand ($1.66 billion and $6.64 billion) per month, said an official.

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