Load shedding set to the cost sugar industry millions

  • 📰 ecr9495
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The South African Cane Growers Association says the industry stands to lose as much as R723 million this year due to ongoing load shedding 💰 ECRNewsWatch

It says the rolling blackouts will have a further negative impact on an industry that's already suffering from other burdens such as the sugar tax.

The association's Andrew Russell says they hope that there are no further aggressive levels of load shedding going forward.He has revealed that an estimated 34% of South Africa’s sugarcane is produced in irrigated areas, including Komatipoort and Malelane in Mpumalanga, and Pongola in KwaZulu-Natal. "We have reached out to government and Eskom. Some of the short-term measures we have asked for is that we consider decreasing and restricting load shedding to stage 4 in the irrigated canegrowing areas during this peak time when we're irrigating our crops."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 38. in BUSİNESS

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.

Business Maverick: Yellen Says South African Coal Communities Need $3.5 BillionSouth Africa has identified more than 60 billion rand ($3.5 billion) of investments needed to help communities in the coal-mining Mpumalanga province as the industry gradually winds down, US Treasury Secretary Janet Yellen said as she announced an additional $45 million in grant support. Fake. Like the Gavin Watson accident ANC alert! Money incoming, prepare to steal it!
Source: dailymaverick - 🏆 3. / 84 Read more »