Power cuts cost SA economy up to $6.8bn a month

Electricity pylons carry power from Cape Town's Koeberg nuclear power plant
Load shedding between stages 1 and 3 costs the economy anywhere between 20 billion rand ($1.69 billion) to 80 billion rand per month

CAPE TOWN, March 25 (Reuters) – Electricity cuts by South Africa’s ailing power utility Eskom cost the economy between $1.7 billion and $6.8 billion a month, according to a presentation by the department of public enterprises to parliament on Wednesday.

“Load shedding between stages 1 and 3 costs the economy anywhere between 20 billion rand ($1.69 billion) to 80 billion rand per month,” the presentation said.

($1 = 11.8200 rand)

(Reporting by Wendell Roelf; Writing by Peroshni Govender; Editing by Joe Brock)

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