News Formal

COMPANIES: Retailer TFG spends R200m to power up stores during SA’s rolling blackouts

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 84%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Eskom’s unrelenting rolling blackouts recently forced TFG, one of South Africa’s largest retailers, to spend R200-million to find alternative and emergency sources of electricity to power up its stores when the country is thrown into darkness.

This expenditure by TFG — the owner of Foschini, Jet, Markham, American Swiss, Exact, @home, Sportscene and a throng of other brands — wasn’t planned, but the retail group was pushed by Stage 6 in September to spend money on alternative electricity sources.

In September, Eskom’s coal-fired power stations faced breakdowns, forcing the power utility to implement Stage 6 load shedding. In Gauteng alone, where rolling blackouts usually last for four hours, Eskom customers could be without electricity for an average of 10 hours a day during Stage 6. Thunström said that before power cuts intensified to Stage 6, TFG sales were growing “strong at double digits of between 14% and 15%” during the six months to the end of September. But after September, sales went into negative territory and fell — for the first time since the first two months of the Covid lockdown in early 2020, which forced TFG stores to shut down.

Thunström said the worst-case scenario is that some shopping centres are not fitted with reliable sources of power, especially those in peri-urban areas, and TFG’s sales cannot be protected from rolling blackouts.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Upping its app game: Foschini-owner TFG says it's ready for Amazon's SA arrival | BusinessFoshini-owner TFG says it is ready for the competition amid the expected launch of Amazon in SA, also eyeing a potential long-term sales boost, as the US e-commerce giant’s entry should help encourage more consumers to embrace online shopping. This doesn't really help as some other company own Game and Makro and see how expensive things are under a US company owned. Same is with Amazon. Bozo see an opportunity under SA high unemployment. It won't benefit our people.
출처: News24 - 🏆 4. / 80 더 많은 것을 읽으십시오 »

South Korea strikes: South Korea orders truckers in cement industry back to jobsSEOUL, Nov 29 (Reuters) - South Korea's government on Tuesday ordered striking truckers in the cement industry to return to work, an unprecedented step that invokes tough strike-busting laws as construction sites nationwide run out of building materials.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »