The CEOs of companies, who are members of the Consumer Goods Council of South Africa , have written to President Cyril Ramaphosa, highlighting the increasing cost of doing business in South Africa.
In the letter, the CEOs of among others, Massmart, Coca Cola and Tiger Brands say they want decisive action from the Government to solve, what they regard as a crisis. The CEOs say the use of emergency power generators causes unsustainable financial costs. And that these will almost certainly result in higher food and medicine prices for consumers.
A number of retailers are incurring massive operational costs as a result of load shedding. Pick n Pay which released its trading update on Wednesday has described load shedding as a permanent new reality.