SA companies struggle due to power cuts
May 19 th, 2015
Johannesburg - The lack of electricity has tackled the economic activity in SA with a rebound of 2% growth, said the Minister of Finance Nhlanhla Nene on Monday. The government is very concerned about the negative impact on the economy. Power cuts are part of everyday life in many companies and households. Eskom supplies 95% of all electricity in SA. Eskom has been accused of poor maintenance, aging plants, low investment and high debt. In seven years, the company has had six CEOs or interim CEOs. Mr Nene said the state wants to re-establish the full financial and operational stability of Eskom. Power cuts would help with the facilities maintenances to prevent deterioration and unreliability of generators.
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