Since the start of the year, sentiment has soured over the intensification of load-shedding, coupled with punitive electricity tariff hikes. Given the government’s failure to show that it has the problem in hand, economists are beginning to lower their growth forecasts.
While the initial focus has fallen on the dire short-run costs of severe load-shedding — for example the North West farmer who is suing government for R1.5m after about 50,000 of his chickens succumbed to the heat — the longer-term economic implications are as worrying...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Eskom Weighs Nuclear Fuel Impact After US-South Africa Pact EndsSouth African power utility Eskom Holdings SOC Ltd. is examining how the suspension of a pact that enables it to import nuclear fuel components from the US will affect its sole atomic plant. ANC boss man wants nuclear power plants but cannot even buy reactor fuel. As long as the ANC retain national executive? That kak wil never happen. It's the reason why ANC was handed South Africa on a silver platter. Promise you ANC and nuclear supply is a recipe for disaster on a world scale. Always been the deal. ANC are not to have grubby paws on it. Yeah good luck with that. This is the find out result of fucking around with Russia.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business owners in South Africa are looking to emigrate to escape Eskom and load sheddingA notable immigration consultant firm has noted an increase in enquires from South African business owners looking to emigrate to escape the costs of load shedding. You forgot to put SMART in front of business owners. That's the smart move AthiGeleba Eskom_SA CyrilRamaphosa PresidencyZA SAgovnews Loadshedding stage 5
Source: BusinessTechSA - 🏆 24. / 61 Read more »