
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)