R15m for diesel to keep luxury mall lit during load shedding
Around R27 million is spent on diesel annually to keep Oceans Mall and Sibaya Casino uninterrupted by load shedding.
Eskom power generating woes has hit companies hard, with Durban businessman Vivian Reddy revealing he spends R15 million a year on diesel generator.
The hefty bill however, is for just one of his developments, the Oceans Mall.
MILLIONS SPENT TO KEEPS BUSINESS LIT UP
Reddy was among several businessman who engaged with Electricity Minister Kgosientsho Ramokgopa regarding challenges faced by companies due to loadshedding.
According to The Witness another business under Reddy’s portfolio, Sibaya Casino spent R12 million for diesel last year to remain uninterrupted by load shedding.
The 71-year-old requests for government to be more transparent regarding the end to loadshedding.
“This load shedding will not just disappear. It will be here for a long time but with partnerships with the private sector I believe it can be lessened” says Reddy.
“My prediction is that we are still about five years away from the end of load shedding.”
CURRENT LOAD SHEDDING STATUS
As of Sunday, Eskom has implemented stage two load shedding.
Stage two loadshedding will continue until Monday 4pm.
Thereafter, stage three continues from 4pm until 5am on Tuesday.
This alternating pattern of stage two and stage three load shedding, will repeat daily until further notice.
