It’s no secret that Covid-19 and the subsequent lockdown have delivered a harsh blow to South Africa’s already ailing economy. Despite these measures easing up, many sectors are battling to get going again and consumer spending is still not back to pre-lockdown levels. Millions of jobs were lost and many have not been recovered. According to recent, small and medium business bankruptcies have gone up to 6.5% from 4% in 2019 – and are expected to rise to over 10% in the year ahead.
There is no doubt that this is a very difficult time to run a business in South Africa , but there are also some positives to take away – not least, an opportunity to reimagine how we can run our organisations more affordably and efficiently in terms of energy and water consumption and in ways that benefit more stakeholders.
There is a significant opportunity for companies to get in place proper monitoring and metering of water and energy resources that will reduce costs and protect the environment. One of the largest computer and ICT manufacturers in South Africa, for example, managed to reduce carbon dioxide emissions , by overhauling air-conditioning systems in one area and upgrading solar power units, resulting in savings of R243 000 and an electrical conservation of 243 MWh.
As things stand, however, many South African businesses and organisations don’t know what their consumption of water and electricity is and are therefore taken aback to find out that they could be saving thousands to hundreds of thousands of rands by optimising existing systems or changing to newer technologies. In other instances, business owners may be aware of a problem but either don’t have the know-how or the capacity to implement changes.
The world is becoming more attuned to resource scarcity and better ways of doing business — for the benefit of both shareholdersthe planet. An intensified focus on circular economy initiatives through adopting sustainable consumption and production practices and policies, is driven by global entities such as the
Wrong, thanks to the ANC the economy was already destroyed before Covid-19.
It indeed devastated many of us
what a bullshit thing to think.
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