Worsening power crisis threatens the viability of small business, says Reserve Bank

Corporate liquidations shot up 11.8% in the year to September as insufficient and unreliable power supply caused havoc, mostly to small and medium-sized enterprises .

Combined with high interest rates and debt-serving costs, most companies lost their ability to service their debts and closed shop, the Reserve Bank said in its financial stability review released on Tuesday...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

Don't worry Top Cop de Ruyter and Chief motivator CyrilRamaphosa will sort out the Eskom_SA. You just have to look past loadshedding the Prez said.

South Africa's government is threatening small business, property rights, the right to self and property defense, the right to earn a living, the right to leave your home, etc. South Africa's government is, was and always will be a filthy criminal imposition that leeches off you.

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Record power outages risk SA's financial stability, Reserve Bank warns | BusinessSouth Africa’s central bank has raised concerns about the threat that an inadequate and unreliable power supply poses to financial stability as the country experiences record blackouts. | News24_Business _Business Noooooo really? VoetsekANC _Business I sure hope it was a very stern concern that they raised as a standard concern would hardly raise an eyebrow. Maybe now everything will get sorted out after more than 10 years of increasing blackouts. Way to go central bank, keep raising your concerns 🤨👍 _Business Its normal , we have ex Apartheid helpers as president and chief of police that are old buddies. Its a gangster state now .
Source: News24 - 🏆 4. / 80 Read more »