Business Unity SA (Busa) says that South Africa’s move to stage 6 load shedding will have a significant impact on all parts of the economy, but is ultimately unsurprising given the continued deterioration of Eskom over the last decade.
“The implementation of stage 6 load shedding is a serious blow to an economy that is already struggling with low growth and a lack of decisive action on the part the of government to make the necessary interventions to attract investment and put the country on a sustainable and inclusive growth path,” said Busa chief executive Cas Coovadia.
“We must stress that while this is a serious and negative impact on the economy, we are, unfortunately, not surprised that we have reached this crisis situation. We have been urging the government for numerous years to remove all barriers to private sector intervention in the generation of energy and power, but it is only recently that the government has heeded these considerations.
Busa was also critical of the unprotected wage strike taking place at Eskom, noting reports of intimidation of workers not participating in the strike.
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