Risk of litigation, business closures due to load shedding, industry warns

The leaders of industry bodies have told Fin24 that load shedding is not a minor pain for companies, but rather poses a risk of closures, lost clients and even litigation.

Fin24 spoke to the heads of the South African Chamber of Commerce and Industry and the Tourism Business Council of South Africa about the effects of load shedding. This follows the recent escalation of Eskom’s energy capacity woes to the point where the utility was forced to implement Stage 4 load shedding.CEO of the Tourism Business Council of South Africa Tshifhiwa Tshivhengwa told Fin24 that while some companies run large systems with provisions to complete their functions regardless of grid pressure, smaller businesses like B&Bs will be impacted more by an unexpected round of load shedding."It’s costly to our members.

"The current state of Stage 4 has had a devastating impact on business. Many people are trying to run production lines and systems based on orders they currently have as well as meeting their contractual obligations," said Mukoki.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Business: Economic Overhaul at Risk as Temer Arrest Roils Brazil PoliticsMichel Temer on Thursday showed the largest corruption investigation in the country’s history remains a powerful and unpredictable force in its politics, clouding the outlook for the government’s key economic reforms.
Source: dailymaverick - 🏆 3. / 84 Read more »

Short walk once-a-week can lower risk of death: study - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A brisk stroll once or twice a week is enough to reduce the risk of dying from heart attack, stroke or cancer, according to a statistical study of nearly 90,000 people released Tuesday. There are many studies man....can't cope with shit anymore🤷🤷🤷🤷🤷🤷🤷 Suggest jaywalking excluded: MT : Short walk once-a-week can lower risk of death: study via
Source: SABC News Online - 🏆 32. / 51 Read more »