Business chamber says government is failing to address power crisis

Staff Writer | Mar 28, 2019
Sacci urges to put the most competent and experienced people to fixing the Eskom crisis.

The South African Chamber of Commerce and Industry says that South Africa’s current electricity crisis is devastating the business environment and that the government’s handling of the crisis is inept.

According to the chamber “The recent stretches of load shedding are having a devastating negative impact on business. It is clear that the longer these rolling blackouts continue, the longer it is going to take for the economy to recover. We are concerned about potential job losses and business closures arising out of what appears to be an intractable problem”.

The chamber was highly critical of the government’s handling of the crisis saying “The recent media conference by Eskom and the Department of Public Enterprises did not assist business in gaining any confidence that we are on top of the situation. Whilst the media conference was long on identifying and explaining the problems, the presentation was short on effective solutions that have clear time lines. We are none the wiser in knowing when and whether this big risk is going to be resolved permanently”.

The chamber called for “the government to put in the right, most competent and highly experienced people in resolving the problems of Eskom.”

Several economists and institutions have revised downwards their economic growth projections for South Africa given uncertainty about future electricity supply. 

comments powered by Disqus