The load shedding economy is the ‘new normal’

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The load shedding economy is the ‘new normal’
United States Latest News,United States Headlines
  • 📰 Moneyweb
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[OPINION] 'The brutal facts are that 2022 has already been SA’s most intensive loadshedding year, while energy availability (at 53%) is also at an all-time low.' Moneyweb Eskom

Every business I talk to is suffering from load shedding. It is simply not possible to run a modern economy without power. We can forget about being competitive in the 4th Industrial Revolution if we cannot fix the basics like power, water and the rule of law.

The unquantifiable costs such as huge job losses, loss of confidence by investors and skilled emigration is wreaking long-term havoc on the economy. Here’s what doesn’t help: ranting on social media, pointing fingers and saying “they should”. Of course you’re completely within your rights to criticise and you’re most probably right in the macro solutions too. Best way to solve a problem … Still, the best way to solve a problem is to do something about it.

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Moneyweb /  🏆 5. in ZA

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