South African companies are now cutting staff due to stage 6 load shedding

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 61%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

South Africa’s latest round of stage 6 load shedding is devastating and is already being felt across the economy, says Business Leadership South Africa chief executive Busi Mavuso.

Writing in her weekly open letter, Mavuso said that this is most clearly seen in the labour market, with some companies forced to cut staff as they cannot open for trading.

“This is obviously also a crisis for Eskom, with the loss of generation capacity directly linked to illegal labour action accompanied by sabotage and violence. Yet chief executive André de Ruyter was front and centre to explain to the country and to business what was happening. Mavuso said the only way to ensure the country does not face these outages again is to diversify the sources of electricity in South Africa.

“The renewable energy independent power producers programme can procure far larger power production. Within a matter of years, we could substantially diversify the producers of electricity in South Africa.”“One very good intervention has been the decision of Eskom to make available the vast tracts of land it owns in Mpumalanga to independent power producers. Much of this land already has the regulatory approvals needed to produce electricity and is close to grid connection points.

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:

 /  🏆 24. in CA
 

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

Why can’t the anc be taken to court over the non performance of Eskom the anc are incapable of running this country the have managed to destroy this country in 28 years that is all they are good at destruction and violence

Ngisafisa ukwazi ukuthi kuzobe kwenzekani eSouth Africa after five years. Ake silinde laba abalwela ukuthenga u Eskom ukuthi bazomthola umnotho wezwe usasivumela ukuthi sikhokhele lowogesi abazowuphehla. Asibalinde sibukele.

Always loadshedding 8h since off nd people of izinyoka nyoka are busy cutting down cables coz of strangle This thing happensklerksdorp city of matlosana. This thing of loadshedding is damaging our electronics for instance my R40000 of my plasma has been damaged

Tell this to the president CyrilRamaphosa PresidencyZA GwedeMantashe1 MYANC

Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met BernardMason07 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks BernardMason07

The MYANC done destroyed this country, after freedom fighters fought for decades. Chris Hani would probably be disappointed 💔

Now that's how consumers wil understand how isn't easy to run company

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.

12 vehicles involved in a collision on N1 South Bound on Saturday - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.12 vehicles were involved in a collision on the N1 South Bound near Garsfontein Road in Pretoria on Saturday night. Paramedics were called to the scene. Thanks for restoring my happiness in my darkest days, during those period I invested $500 and to my greatest surprise I got a return of $5,500 in just seven days he's reliability can't be equated BernardMason07
Source: SABCNews - 🏆 37. / 51 Read more »