Mike Schüssler explains why the effects are more widespread than you’d think.
To quantify the cost of the electricity crisis is not easy but, with major manufacturing role players stating that it’s cost the industry R6 billion so far, it’s clear that the power shortage is causing trauma in the economy.
South Africa is very likely to have electricity shortages for the next three to five years and possibly longer for big projects. The costs are enormous: in money, direct economic growth and perceptions too. Technology innovations will also be affected.