Business Unity SA (BUSA) is extremely concerned by the recent spate of loadshedding, which has, yet again, reached stage 6 We recognise and appreciate that good progress has been made in implementing the Energy Plan announced by the President a few weeks ago, but the economic damage of the ongoing loadshedding is severe and there must be an immediate intervention to deal with the crisis to at least manage loadshedding better. Stage 6 load shedding is a major blow to an economy that is already battling to achieve growth, because of some global headwinds, but primarily because government is still not taking the tough decisions on structural reforms and priority interventions to increase investment and stimulate growth.

 

Full Statement Attached

 

Issued by Business Unity SA