SA's electricity crisis | Power cuts hit companies hard

READ:He says a lot of companies are now operating at a loss due to power cuts.

“You look at last year, a lot of companies that were already on the cusp of insolvency couldn’t hang on much longer and filed for insolvency or liquidation."And I think on the back of the recent Eskom tariff hike, we could potentially see more failures in the first quarter of this year," Levenstein said.

"It’s not looking great in respect of companies being able to sustain a continued loss of revenue now, coupled with an 18.65 percent Eskom tariff hike. "It’s not looking easy for companies to continue to trade where they are in the cast of financial distress,” he said.

GautengANC CyrilRamaphosa PresidencyZA Eskom_SA are you all happy now ? Our county is failing and ya'll couldn't give a FK !!

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Joburg City Power moves to cut off non-paying business from power gridCity Power spokesperson Isaac Mangena said only 4% of businesses and residents in the township pay for electricity.
Source: ewnupdates - 🏆 30. / 53 Read more »

Argentine grain harvests threatened by persistent drought | BusinessArgentina lost half of its seasonal soybean harvest in its main production area - the rich and normally humid center of the country - due to drought, the Rosario Stock Exchange said on Monday. | News24_Business _Business I saw several people testifying of making so much money with the help of CowdenBNB on Bitcoin option trade and I decided to give it a try and now I'm glad now she helped me and my colleagues to make R350,000 in one week, thank you CowdenBNB for transparency and trust.
Source: News24 - 🏆 4. / 80 Read more »