Western Cape Economy decreases over Eskom loadshedding
The Western Cape government has stated that the Western Cape economy is set to lose about hundreds of millions of rands in the latest round of load shedding announced on Tuesday by Eskom.
Finance and Economic Opportunities MEC David Maynier said It is estimated that in 2020 load shedding cost the Western Cape’s economy R75 million per stage, per day. Meaning that this latest Stage 2 load shedding is estimated to cost the provincial economy R150 million per day.
During a press briefing earlier this week, De Ruyter spoke about the current system challenges at Eskom and said the power utility was doing everything it could to reduce load shedding, but that unplanned outages created a significant risk.