Companies should have grid collapse plans in place

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While assurance has been given that the chances of a total electricity grid collapse are low, it has now become incumbent on the South African risk community to develop clear plans should such an event occur. Moneyweb Loadshedding

While assurance has been given that the chances of a total electricity grid collapse are low, it has now become incumbent on the South African risk community to develop clear plans should such an event occur.

Read: Darkness increases insurance claims Santam and Hollard pull cover for grid failure The second step would be the development of a plan of approach and action that would need to be communicated to all employees and would involve taking staff associations and unions into confidence. A communiqué to key external stakeholders also needs to be developed, particularly around potential supply chain disruption.

 

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