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