Load shedding could cripple businesses already facing Covid-19 losses

Cape Town - The possibility of load shedding could be the final straw that will break the back of businesses already struggling under the lockdown because of the Covid-19 pandemic, according to business leaders and economists.

" Add to this an electricity crisis, and this will certainly be the final blow for many businesses already on the precipice of closure, resulting in further job losses in the Western Cape. According to Mayco member for economic opportunities and asset management, James Vos, the country’s economy could be at risk to lose up to R4 billion due to load shedding.

“We are in serious economic trouble. The demand for electricity was supposed to be lower during the lockdown. Cape Chamber of Commerce president Geoff Jacos said: “Any failure of electrical power will hurt business, the economy as a whole and ultimately employment. It’s an utter disgrace that Eskom has been allowed to degenerate to this extent, and even more appalling that people expect the power to fail every winter.

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