KZN business leaders lament devastating rolling blackouts, crime - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Business leaders in KwaZulu-Natal have expressed their concern over the ongoing blackouts, saying it poses a major concern for investors. Loadshedding

The provincial government and more than a hundred captains of industry met at Port Edward to strategize ways to boost the province’s economy and create employment.

These owners say these issues are impacting negatively on the province’s economic growth which was badly affected by the COVID-19 pandemic andBusinessman Vivian Reddy says the blackouts are not conducive to investment. “A lot of our members have got back up generators running sawmills and with the current Russia Ukraine conflict, the oil price has gone through the roof so that affects their input costs into the generators and it’s chewing away at their profitability. We sit with the largest manufacturer of wood paper in the world here Sappi Saiccor and they don’t generate all their own electricity so they’re on the grid as well, so they’ll naturally be affected.

Co-chair of the KZN growth coalition, Moses Tembe says South Africa needs to grow its economy by five to six percent in order for people to see a difference in their lives.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Are they paying for the electricity? The recent TshwaneYaTima campaign has exposed most businesses around Pretoria.

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:

 /  🏆 37. in CA

Canada Canada Latest News, Canada Canada Headlines

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

South Africa remains on track to provide water to its citizens - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Chapter 4 of the National Development Plan envisages a South Africa that recognises the importance of secure and equitable access to water and sanitation as a catalyst for socio-economic development, writes GCIS DG Phumla Williams. This are the things human rights commission must take up. You will only see human rights commission on cases involving foreign nationals In my mind I don't know if maybe I'm too understanding or just plain dumb. I think that's within a reasonable rage. For example one can't just go set up his/home in the desert and say the government should provide me with water it's my right to have clean drinking water. Me.
Source: SABCNews - 🏆 37. / 51 Read more »