Experts warn there is a real possibility that investment promises might already be lost due to the load shedding.
the machines are switched off, production stops and staff are forced to down their tools but the producers are expected to deliver to their clients in the retail industry and multi-national companies.
“It’s catastrophic. It’s difficult to meet targets, when you’re efficient only 50-percent of the time.While multi-national companies and large retailers have agreements in place with Eskom to provide reliable power, this is not the case for most local producers.Economist Dr Heinrich Bohlmann says multi-nationals are likely to review their future investments.
“These big multinationals that want to invest and set up supply chain from SA, they don’t want to hear stories that our supply chain might be interrupted,” Bohlmann said. “They need certainty. At the moment our electricity supply which is critical to this exercise is not looking certain at all.” Experts warn there is a real possibility that investment promises, recently made to South Africa by multinational companies, might already be lost due to the load shedding.
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