Load shedding sends business confidence over a cliff - TechCentral

declined to a two-year low in the first quarter as severe power outages and dilapidated logistics networks hobbled economic activity.Bureau for Economic Research

The survey of 1 050 senior executives in sectors including manufacturing, retail and building was carried out between 8 and 27 February. Eskom subjected the country to record blackouts of as much as 12 hours on multiple days during the period to protect the national grid from collapse as its ageing and poorly maintained coal-fired power plants struggled to meet demand.

Gauges tracking manufacturing and retail sentiment “nosedived” in the quarter, leading to a decline in the overall index, RMB said.

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