Worsening power crisis threatens the viability of small business, says Reserve Bank
Sustained load-shedding has been cited as one of the stumbling blocks for economic growth and investor sentiment
29 November 2022 - 20:39
Corporate liquidations shot up 11.8% in the year to September as insufficient and unreliable power supply caused havoc, mostly to small and medium-sized enterprises (SMEs).
Combined with high interest rates and debt-serving costs, most companies lost their ability to service their debts and closed shop, the Reserve Bank said in its financial stability review released on Tuesday...
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