The President of the Cape Chamber of Commerce and Industry, Geoff Jacobs, says the…

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The President of the Cape Chamber of Commerce and Industry, Geoff Jacobs, says the ongoing crisis of power interruptions is hurting local businesses in Cape Town. He says the new round of load shedding forces businesses and municipalities to look for other sources of electricity supply. He added the situation would also hurt struggling municipalities which relied on electricity income to subsidise their costs and keep their and rate-paying commercial and industrial firms going. Jacobs says if nothing is done the crisis would deepen further: “The present crisis is hurting business, municipalities and Eskom, businesses need electricity to survive. Eskom desperately need more power to keep going but instead finds itself and it’s revenue going down while it costs increase it has to use diesel which is expensive to keep its emergencey gas turbines going.”


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