Briefs
Power cuts cost manufacturing sector R6 billion
Power utility Eskom has started a series of power blackouts across South Africa over the last three weeks due to decades of under-investment in new power generation and maintenance on current infrastructure.
CAPE TOWN (Reuters) – South Africa's chronic power shortages have cost the steel and engineering sectors 6 billion rand ($520 million) in lost output, an industry body said on Monday.
Power utility Eskom has started a series of power blackouts across South Africa over the last three weeks due to decades of under-investment in new power generation and maintenance on current infrastructure.
The Steel and Engineering Industries Federation of Southern Africa said in a statement that the electricity shortages were damaging South Africa's reputation as an investment destination and causing "untold harm" to its economy.