Well-financed, large businesses have other options… some large businesses struggle… the biggest issue I think is the impact it has on small businesses…— Tanya Cohen, CEO - Business Unity South Africa
Manufacturing… we need to be efficient in terms of what our input costs are…— Philippa Rodseth, Executive Director - The Manufacturing Circle
We are not warned! The power just goes off… You can’t leave our people down there! It’s a major, major problem.— Henk Langenhoven, Chief Economist - Minerals Council South Africa
Eskom implemented stage four load shedding between 1:00 pm and 10:00 pm on Monday.
The state-owned utility lost six generating units, placing a severe strain on the creaking system.
Stage four requires Eskom to shed 4000 MW rotationally.
Stage one requires cuts of 1000 MW, stage two requires 2000 MW, and stage three necessitates a reduction of 3000 MW.
The Money Show’s Bruce Whitfield interviewed Tanya Cohen, CEO at Business Unity South Africa (Busa), Philippa Rodseth, Executive Director at The Manufacturing Circle and Henk Langenhoven, Chief Economist at the Minerals Council South Africa.
Cohen, Rodseth, and Langenhoven spoke about what’s at risk for business with Eskom load shedding at stage four.
Listen to the interview in the audio below (and scroll down for more quotes from it).
By breaking up Eskom… it enables the utility to raise funding… it enables efficiencies and a more sustainable business model… but none of that happens quickly…— Tanya Cohen, CEO - Business Unity South Africa
There’s a 20% to 25% loss of production…— Henk Langenhoven, Chief Economist - Minerals Council South Africa
I feel for them… they have to protect the grid.— Henk Langenhoven, Chief Economist - Minerals Council South Africa
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