More than half CEOs surveyed as part of the latest Merchantec CEO Confidence Index, said load-shedding was negatively impacting businesses, as it lowered productivity and raised costs.
The index, released on Wednesday, showed that 76.2% of CEOs felt that load-shedding would have a greater impact on their business activities than the positive impact of the drop in the oil price.
Eighty-nine per cent of CEOs in the basic resources sector expected load-shedding to have a significant negative impact on their bottom lines. As a result, CEOs suggested that the provision of energy should be opened to the private sector and believed that this would provide job opportunities, competitive prices and sustainable energy provision in the medium to long term. More»
Source: Engineering News
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