CORONAVIRUS MARIAH CAREY LOCKDOWNUPDATE GOES UNFILTERED LIFE 11 HOTLINE: 0800 029 999 DAY 106 SHOUT SA MORE NAILS IN SUPER DONATES MASKS RUGBY COFFIN METRO 5 SPORT 16 — FOUNDED 1857, CAPE TOWN, SOUTH AFRICA [ IOL.CO.ZA ] FRIDAY, JULY 10 2020 — ECONOMY WEATHER Power cuts to cripple businesses Load shedding could cost more jobs MARVIN CHARLES nearly four months getting almost
[email protected] little to no income. According to Mayco member for THE possibility of load shedding could economic opportunities and asset be the final straw to break the back of management James Vos, the country’s businesses already struggling under economy could be at risk to lose up to the lockdown because of the Covid- R4 billion due to load shedding. 19 pandemic, according to business “The negative impact of load shed- leaders and economists. ding on the economy in Cape Town Eskom announced yesterday that cannot be understated. My mission after a tripped unit at Medupi power is to find ways to make it easier to station was restored to operation, do business in Cape Town and I am one unit at Tutuka power station was deeply concerned about the impact A MAJOR cold front has made landfall in the Western Cape. | HENK KRUGER African News Agency (ANA) yet to be restored as another unit at of these rolling blackouts on SMMEs the same station went down. A third and larger companies especially in generation unit also tripped at Kendal the food and beverage industry and power station. manufacturing sectors,” said Vos. “Any additional breakdowns will He said load shedding could result Havoc halts search for child, rescuer in canal compromise Eskom’s ability to sup- in major job losses.