Name: Thembisani.
Surname: Mntungwa.
Student: 2022103093.
Module: EALH1508.
Campus: QwaQwa.
The effects of electricity crisis into economy growth of South Africa.
Too much boosting
obviously one of the primary barriers to South Africa’s economic growth is the
detrimental effects of the electricity crisis in the commercial sectors. First, it is certain
that the power shortage of energy has obligated many commercial sectors to spend
largeMW
of income to mitigate the consequences of electricity crisis; for instance, the
commercials were spent to purchase backup generators , solar systems , and the
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period of use its cost such as petrol and diesels; In addition, they spent to install of
these systems that cost over the period of use and its preservation costs. In contrast,
the power shortage second has compelled commercial sectors to close doors and
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operations; In this case, yugen (2023) clearly demonstrates that, ‘‘load shadding and
the rise in energy costs have forced many businesses to close operations, thereby
affecting sales and causing supply chain disruptions’’. Furthermore, they also spent
investing money to repair the generators that were destroyed by the lack of electricity
until the doors were closed because they could not run normal companies. Therefore,
indeed the electricity crisis at South Africa affected commercials to lost extremely so
much money that they ended up closing their doors and operations.
References
Please revise this according to the study guide and put it on its own page.
https://businesstech.co.za/news/business/668843/this-is-how-many-businesses-have-closedin-south-africa-in-2023-so-far/