Electricity supply constraints weigh on confidence of S Africa’s CEOs
More than half CEOs surveyed as part of the latest Merchantec CEO Confidence Index, said load-shedding was negatively impacting businesses, as it lowered productivity and raised costs.
The index, released on Wednesday, showed that 76.2% of CEOs felt that load-shedding would have a greater impact on their business activities than the positive impact of the drop in the oil price.
Eighty-nine per cent of CEOs in the basic resources sector expected load-shedding to have a significant negative impact on their bottom lines. As a result, CEOs suggested that the provision of energy should be opened to the private sector and believed that this would provide job opportunities, competitive prices and sustainable energy provision in the medium to long term.
Other concerns raised by CEOs in the latest survey included lower foreign direct investment, owing to the negative perceptions of international investors regarding the business environment in South Africa and corruption in the public sector.
The index had recorded a 2.7% quarter-on-quarter decrease, from 52.1 points in the fourth quarter of 2014, to 50.7 points in the quarter under review.
The Merchantec CEO Confidence Index collated responses from more than 1 000 top CEOs, primarily of listed companies.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation