Cell C CEO resigns, blackouts have drastically reduced the potential size of South Africa’s economy, and the Consumer Confidence Index plunges to its third lowest level since 1994. (Chris Buchanan was standing in for Chris Gibbons)
South Africa has a plan in place to safeguard key food production facilities under threat from the inconsistent electricity supply, restaurants and takeaway venues feeling the effects of load shedding, and two big drops on the JSE.
The list of companies being hammered by load-shedding continues to grow every day putting us dangerously close to becoming a failed state, and the markets remain skittish following the collapse of Silicon Valley Bank.
New vehicle sales edge up and Woolworths counts the cost of load shedding.
1 – 20
Agree to storing cookies on your device.