Stage 6 rolling blackouts could lead to job cuts: SA Chamber of Commerce - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

An area plunged into darkness during a power outage

The Chamber of Commerce and Industry says the negative impact of Eskom’s Stage 6 rolling blackouts could see South African companies cutting staff due to continued rolling blackouts.Consumers should brace themselves for tougher times ahead after Nersa granted the power utility an electricity tariff hike of 18.65%.

The South African Chamber of Commerce and Industry President, Advocate Mtho Xulu, says businesses are losing revenue and can’t even plan for economic growth. “I think anything beyond the inflationary increase is unaffordable for South Africans and the fact the energy itself is not available, Stage 6 means that half of the day is not available for any economic activity.So this is unjustifiable. We as business are calling for only an inflation linked increase anything beyond that is making the public pay for Eskom’s losses.

He further added that the high prices are diminishing returns for Eskom because more and more people will not be able to pay.“There will be increasing levels of nonpayment, theft of electricity, which is already a problem and also municipal arrears debt because municipalities will not be able to collect money from their customers and therefore not be able to pay what they owe to Eskom. So, there are diminishing returns from price increases.

Yes, our company is going to let 70 staff go. We are bleeding..SA is dying a slow and painful death!!!

Msakazi uhulumeni akamusa ukwenza into acabange ukuthi asiboni..we understand political strategy...

We support Cyril's second term. Uyabuya as president in the next coming elections

Get rid of government workers and cut taxes to keep private sector employed. Why must private sector employees always bear the brunt for government failures🤬🤬🤬

This very true

Nywe nywe nywe national shutdown only on twiiter...make it happen

So now the ordinary guy has to suffer for this This is pure miss management. Really.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Business Talk – The favourite talk show of South African executivesBusiness Talk had a brilliant 2022 and once again proved to be South Africa’s leading online business talk show.
Source: BusinessTechSA - 🏆 24. / 61 Read more »