The Financial Impact of Loadshedding on the Mining Sector - IT News Africa | Business Technology, Telecoms and Startup News

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Loadshedding has had a significant impact on the South African mining sector. The PwC report ‘SA Mine 2022’ painted a picture...

found that job losses and early closures are likely if loadshedding remains at high levels this year.published a review of the impact of loadshedding across multiple sectors and revised its assessment of mineral production growth forecasts from 0% to -1% year-on-year for iron ore, and from 2% to -2% for platinum.

It needs to dominate the headlines differently for the remainder of 2023 and into 2024 as it seeks out alternative and bespoke power and transport solutions that will overcome reliance on ageing government-owned infrastructure.To overcome this challenging landscape, there needs to be key shifts across energy, regulations and government interventions as well as ongoing investment from the sector into solutions that allow for it to bypass reliance on the grid.

The situation is pushing larger power consumers to accelerate their investments into renewable energy solutions that align with ESG objectives and will supercharge their ability to deliver on performance despite the energy crisis.

 

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