A top food maker has had it with load shedding – like so many other companies (BT)
RFG Group – a JSE-listed food company with brands including Rhodes, Bull Brand, Ma Baker, and Bisto – says that Eskom’s frequent load shedding bouts have cost the group money, and it will look to further liberate itself from the grid in the coming months. As has been the case for so many listed companies reporting their financial results in recent quarters, Eskom’s inability to keep the lights on is becoming a tangible burden on daily operations, and the ability to generate a profit worthy of shareholder expectations. And like many of its peers on the exchange, RFG has had enough and intends to invest in renewable energy. Click here to read full article.
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