While South Africa suffers ongoing power shortages, JSE-listed ICT and technology firm Reunert is reaping the rewards of load-shedding. Devices Reunert Loadshedding Renewableenergy Nashua Eskom Chipshortages
While South Africa suffers ongoing power shortages, JSE-listed ICT and technology firm Reunert is reaping the rewards of load-shedding.
This, as businesses and households are rapidly deploying renewable energy solutions, as the load-shedding crisis continues. “Load-shedding supports our renewable energy business. But this is a terrible situation for the country. It damages business confidence and takes money away that would have otherwise been invested to generate value,” said Dickson.
“We have been dealing with this for more than a decade now. So, we are pretty resilient ourselves in terms of our ability of execute our operations. However, this is particularly expensive,” he said. The situation worsened in the second half of 2022 and resulted in a loss of sales and operating profit at its Nanoteq, Omnigo and Nashua subsidiaries.“The global chip shortage impacted our circuit breaker business, and we had a severe challenge, both in terms of costs and availability. Now the supply chain has improved, and in addition to that, we’ve redesigned many of our products to do away with those chips that were a challenge.
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