JOHANNESBURG – Ahead of Tuesday’s Business Economic Indaba (BEI), the South African mining industry has called on the government to implement urgent steps to address the country’s economic crisis, especially the insecurity of power supply by Eskom.
The mining industry was heavily impacted last month when Eskom implemented an unprecedented stage 6 load shedding, forcing companies to suspend underground operations and halt production.
Eskom has also resumed with power cuts this year, earlier than anticipated, as it continues to suffer unplanned breakdowns at its ageing coal-fired power stations.
The power crisis has prompted the mining industry to lobby the government to urgently facilitate the bringing on the stream of and licensing of new private-sector power options for embedded generation and private generation for self-use, but which is fed through the national grid.
The Minerals Council, in a statement late Monday, said it firmly believes that the electricity supply crisis was the biggest single risk to the South African economy.