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Eskom is slaughtering small businesses and the many jobs they support

25 March 2019 8:59 PM
Tags:
Eskom
The Money Show
Bruce Whitfield
small business
Bernard Swanepoel
Small Business Institute

Small businesses – and their many employees – are facing a devastating winter thanks to Eskom, says the Small Business Institute.

The 90 000 job scare in the mining industry [due to Eskom] may pale into insignificance…. It will be five or 10 times the number the mining industry is talking about…

Bernard Swanepoel, executive director - Small Business Institute

Load shedding and above-inflation electricity price hikes are crippling small businesses, warned the Small Business Institute (SBI) on Monday.

…If the situation is not resolved urgently, we are headed for a devastating winter. And our economy, which has yet to recover from years of policy instability, will be dealt another blow…

Bernard Swanepoel, executive director - Small Business Institute

The SBI says it expects small businesses to create 90% of all jobs in South Africa by 2030.

On Monday, the Minerals Council South Africa warned that more than 90 000 mining employees would lose their jobs in the next three years due to the tariff hikes given to Eskom.

Eskom has 48 000 employees - 66% more than it needs, according to a World Bank study.

The Money Show’s Bruce Whitfield interviewed Bernard Swanepoel, executive director at the SBI.

Listen to the interview in the audio below (and scroll down for more quotes from it).

If you shut down for four hours a day… it kills your business quickly!

Bernard Swanepoel, executive director - Small Business Institute

We all know what needs to be done! We need to allow people to generate their own power... I have a generator at home because I run my business from there. It’s illegal, but I have to break the law to run my business. Now, how can that be acceptable?

Bernard Swanepoel, executive director - Small Business Institute

A lot of businesses will run out of cash in the next week or so…

Bernard Swanepoel, executive director - Small Business Institute

Every single politician should pay attention!

Bernard Swanepoel, executive director - Small Business Institute

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This article first appeared on 702 : Eskom is slaughtering small businesses and the many jobs they support


25 March 2019 8:59 PM
Tags:
Eskom
The Money Show
Bruce Whitfield
small business
Bernard Swanepoel
Small Business Institute

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