Experts warn of security threats brought by load-shedding

He said the banking industry had looked at the effect that load-shedding has on banks’ operations and functions, as well as the crime and security problems associated with it.

“The areas we focused on have been on cash management and the availability of cash in the system. The second area has been the communication between bank customers, employees and stakeholders, and law enforcement agencies,” he said., said load-shedding was extremely concerning for the cash distribution industry, adding that collaborative efforts were being put into place to deal with a total blackout.

The economy would shut down within three days if cash distributions stopped, Clark said, adding that it was costly for cash centres and branches to run security systems during power cuts. “It costs a lot of money to put in the generation systems and we see those costs going up all the time,” he said., said he was more concerned about possible violence during protest action in response to the National Energy Regulator of South Africa’s recent approval of an 18.65% electricity tariff increase for Eskom.as an example, Dweba said he was worried about the growing appetite for lawlessness in South Africa.

“The [whereabouts] of those who planned [the 2021 riots] are not known, except the few that were arrested, who are not the planners. Of concern are acts that are planned and executed without a trace,” he added.

BarackObama VP PMOIndia bricscouncil_in antonioguterres UNHumanRights republic TimesNow eNCA SABCNews Newzroom405 news24 dailymaverick Radio702 bbcworldservice cnni AJEnglish guardian nytimes washingtonpost another story...

Business Business Latest News, Business Business Headlines

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

Energy experts offered government helping hand with deepening load shedding crisis - Ramaphosa | News24South African experts in the energy industry have raised their hands and offered to help pull the country out of the electricity crisis, says President Cyril Ramaphosa while emphasising the crucial role of the private sector. | kaveels kaveels He is keen to privatise! kaveels They must raise those hands and slap the president out of office. The guy must not be our president in 2024 . He must retire this year. kaveels Ramaphosa is the bad presidfent hes mission is to sell everything to private sector .... we cant allow him
Source: News24 - 🏆 4. / 80 Read more »

Middle East money forcing Liverpool, Man Utd to seek new investment, experts sayUnited’s owners began looking at new investment or a potential sale last year while Liverpool’s owners say they will consider new shareholders
Source: BDliveSA - 🏆 12. / 63 Read more »