Economists put the cost to the economy of Stage 6 loadshedding during business hours at R300m to R500m – per hour. Moneyweb Eskom
The economy is reeling from near-constant load shedding. These rotational blackouts are an enormous constraint on growth, and businesses are being forced to incur extra costs to keep productive. In some cases alternative supply is largely unfeasible, resulting in things like significant production declines at the country’s largest steelmaker, similar issues at our mines, and even challenges with chicken supply which led to the forced closure of 70 KFC outlets last month.
Ts? In 2004, Eskom under the leadership of Thulani Gcabashe, identified that it would not be able to generate enough electricity to meet the winter demand peaks in 2007.
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