Around 66% of township businesses have cut jobs due to load shedding, a report has found.

GUEST – Bulelani Balabala – Founder of Township Entrepreneurs Alliance (TEA)<br /> <br /> Almost two-thirds of township businesses have been forced to shed jobs because of load shedding, according to a new report. But business owners say the situation is even direr – they face closing if the power outages continue.<br /> <br /> According to the Nedbank Insights Report, conducted in partnership with the Township Entrepreneurs Alliance (TEA), 64% of small township businesses cease operations during load shedding and almost 66% of business owners have cut jobs because of load shedding.<br /> The jobs cuts were most visible in the food and beverage sector, as well as manufacturing.<br /> The report also found that load shedding has led to increased operating costs, lost revenue and declining margins. <a href="http://www.kayafm.co.za/">Kaya FM </a>