South Africa is facing its most intensive year of load-shedding in history, with over 157 days of power outages in 2022 alone, and the situation is predicted to worsen over the next three years. Loadshedding costs the country over R4 billion a day, forcing small businesses to cut production time and driving up operating costs, thereby impacting profitability.
Discover key insights from the Nedbank survey, in partnership with Township Entrepreneurs Alliance:
1. 66% of township small businesses have shed jobs because of load-shedding.
2. Over 60% of township small businesses surveyed mentioned that they are currently doing nothing to address the impact of load-shedding on their business.
3. Most businesses exploring alternate energy solutions are currently using generators, however solar is the most preferred alternate power solution for the township small-business market.
4. Agriculture businesses have been heavily impacted by load-shedding, including an inability to run incubation equipment in poultry operations and a resultant lack of egg and poultry stock.
5. Load-shedding is starting to take a massive toll on business owners’ mental health.
Explore alternate energy solutions to become more resilient and remain a going concern into the future. With the continuous impact from lockdowns and the July riots, load-shedding is starting to take a massive toll on business owners’ mental health. Let’s work together to find tangible solutions for entrepreneurs in the township economy.
Download the Impact of load-shedding on small businesses in the Township Economy 2023 report here 👇
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