Preparing for the real cost of blackouts on business

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Preparing for the real cost of blackouts on business

Although load shedding has been less prevalent in recent weeks, after Medupi power station’s 800 MW Unit 6 was added to the national grid on 23 August to relieve power constraints, businesses should not underestimate the impending risk that blackouts pose to their operations.

 

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National Treasury has approached 20 financial institutions, mainly banks, to assist with identifying which non-strategic state-owned assets should be sold to raise the R23-billion needed by the parastatal.

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Parliament most recently revealed that ongoing power cuts are costing the South African economy R90-billion a month.

Says it all really.