S.Africa’s business community engages with Eskom - CNBC Africa

S.Africa’s business community engages with Eskom

Southern Africa

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SACCI engaged with Eskom on Tuesday regarding South Africa's power crisis. PHOTO: Getty Images

The South African Chamber of Commerce and Industry (SACCI) hosted Eskom chief executive officer (CEO) Brian Dames on Tuesday, to discuss the way forward.

“The initiation of the load shedding regime last week impacted on all industries and the engagement afforded the opportunity for the business community to voice their concerns and receive an update on the estimated power demand and supply in the coming months,” said SACCI CEO, Neren Rau.

“SACCI recognises that Eskom is under severe pressure to meet South Africa’s power demands and believes that information sharing initiatives like today’s engagement can go a long way towards managing risks and adjusting firm-level operations to mitigate the supply side pressures.”

(READ MORE: S.African power grid "not looking good": Eskom)

Rolling blackouts were imposed for the first time since 2008 in South Africa after continuous rain soaked the power utility’s coal supplies.

Dames addressed the members of SACCI’s CEO forum while also indicating that the system remained constrained and that while there are options available, crucial decisions need to be made as well.

(READ MORE: Load shedding will happen in cases of emergency: Dames)

“The prognosis is that the power system will remain under pressure for the next two months. Dames thanked the business community for its support to Eskom and measures taken to reduce power demand,” Rau said.

“SACCI remains concerned over power security but has been reassured by the detailed explanation of the pressures faced by Eskom and their plans to respond to them.”

Meanwhile, according to Reuters, South Africa’s finance minister, Pravin Gordhan, said on Tuesday that the country is likely to have adequate electricity supply in around two years.