Power outages knock R30m off Blue Label's earnings
Load-shedding left a hole in the group’s prepaid and starter packs revenue over the last financial year, trimming its earnings by R30 million.
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Load-shedding left a hole in the group’s prepaid and starter packs revenue over the last financial year, trimming its earnings by R30 million.
Eskom recently announced that they will be starting a National roll-out to update the 6.6 million prepaid electricity meters under their control before the meters become non-operational on 24 November 2024. This is 10 years after the utility knew the project was required.
A handful of municipalities have completed an update required to prevent all their prepaid electricity meters from becoming non-functional next year. Most authorities though, including Eskom, haven’t or have hardly started the process.
An opportunity for authorities in South Africa to recover electricity revenue and avoid a potential disaster next year is ebbing away.