Business groups have called for an urgent intervention by president Ramaphosa on load shedding; Standard Bank warns greylisting will be worse than downgrades; New BEE changes cause upset; and Mercedes say South Africa needs to be doing more on electric cars.
Business Unity South Africa has called for urgent intervention to address South Africa’s load shedding crisis, warning that the outages will lead to further negative growth, ratings downgrades and a deeper decline in consumer and investor confidence for many years to come.
has urged the president to include in this plan clear direction and deadlines that reflect the seriousness and urgency of the situation. [Standard Bank chief executive Sim Tshabalala has warned that South Africa’s potential greylisting by the Financial Action Task Force would be a worse than a credit rating downgrade for the country.
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