Load-shedding cripples production

  • 📰 eNCA
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Experts warn there is a real possibility that investment promises might already be lost due to the load shedding.

the machines are switched off, production stops and staff are forced to down their tools but the producers are expected to deliver to their clients in the retail industry and multi-national companies.

“It’s catastrophic. It’s difficult to meet targets, when you’re efficient only 50-percent of the time.While multi-national companies and large retailers have agreements in place with Eskom to provide reliable power, this is not the case for most local producers.Economist Dr Heinrich Bohlmann says multi-nationals are likely to review their future investments.

“These big multinationals that want to invest and set up supply chain from SA, they don’t want to hear stories that our supply chain might be interrupted,” Bohlmann said. “They need certainty. At the moment our electricity supply which is critical to this exercise is not looking certain at all.” Experts warn there is a real possibility that investment promises, recently made to South Africa by multinational companies, might already be lost due to the load shedding.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Load shedding is crippling me right now ooo

The powers that be are deliberately crippling this country

You mean power failures.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Load-shedding is 'unacceptable and disruptive to our economy': GordhanLoad-shedding, especially stage 4 load-shedding, is “unacceptable and disruptive to our economy”. U forgot to say its “BS”......! And drop ur mic off u go........!👮🏽‍♂️👮🏽‍♂️👮🏽‍♂️ Soldier..!!!! Please tell us what is gonna be done to address this situation rather than stating the obvious. oh not another commission of enquiry? Please 😴
Source: TimesLIVE - 🏆 28. / 59 Read more »

Load-shedding is 'unacceptable and disruptive to our economy': GordhanLoad-shedding‚ especially stage 4 load-shedding‚ is “unacceptable and disruptive to our economy”.
Source: SowetanLIVE - 🏆 13. / 63 Read more »