Business Unity South Africa (Busa) has again warned about the dire consequences of rolling blackouts on the economy.
In a statement, Busa says the country has continued to experience prolonged bouts of blackouts for over 13 years, despite additional capacity coming online.
It adds that despite increased maintenance at the power utility, energy availability has worsened, and more unplanned outages have occurred because of aging and poorly maintained plants
.Impact of blackouts on investor confidence:
Busa is rejecting calls made by some unions to have Eskom executives and board members fired. It says this will create a leadership and governance crisis at the power utility at a time when it is dealing with serious operational problems.
Busa believes Eskom’s leadership has shown remarkable openness and transparency, critically, developing progressive future-looking plans. The business organisation is calling on government to immediately procure extra energy capacity to meet demands.
It is also calling on President Cyril Ramaphosa and his Cabinet to demonstrate decisiveness in the current power rollout crisis facing the country.
Busa says Ramaphosa must demonstrate to the nation that the government is doing everything in its power to address the crisis.