It has emerged that load shedding is costing South Africa billions or Rands. According to the Star newspaper, the Department of Planning, Monitoring and Evaluation has suggested that loadshedding is costing South Africa as much as R11 Billion a month - mainly from the damage to machinery, equipment and labour, this amount excludes investor confidence.
According to economist, Ted Blom the loadshedding cost of R11 Billion that government has produced is 'conservative'. He says that in his view the number should be double that amount because of lack of energy and massive price increase of energy - which are not included in the presented R11 Billion.
Listen to the full conversation below:
This article first appeared on 702 : Load shedding is the biggest cost to SA economy