Eskom the 'biggest threat to SA economy': analyst

Business Unity South Africa's Vice President, Martin Kingston, explained the severity of the situation, "Eskom is probably the most, the single biggest threat to the well-being of the South African economy."

JOHANNESBURG - The return of load-shedding could have ratings agencies worried.

There are growing concerns that an economy, already under pressure, will be dealt another blow by the rolling blackouts.

READ: Eskom implements Stage 2 load-shedding

Not to mention fears that investors could pull the plug on South Africa.

Business Unity South Africa's Vice President, Martin Kingston, explained the severity of the situation.

READ: Eskom takes steps to secure coal supply

 

"Eskom is probably the most, the single biggest threat to the well-being of the South African economy.

"Load-shedding is a manifestation of its well-being.

"The unexpected level and severity of load-shedding is threatening large and small business.

"Therefore to be plunged into a situation where we are challenged by the availability of electricity at this moment in time is very problematic."