Unreliable power has led to loss of production output, increase in production costs and increase in scrap rates CONSTANT power outages at its factory in southern Johannesburg would hurt coming results, South Ocean Holdings warned shareholders on Thursday.Cables supplying an electrical substation where its manufacturing subsidiary, South Ocean Electric Wire Company, is located, blew out several times over the past two months, the power cables maker said on Thursday. Unreliable power had led to loss of production output, increase in production costs and increase in scrap rates."The local council indicated that they are in the process of replacing the cables and planned to complete the project by middle of May," the group said. The results for the six months ending June would be "negatively impacted" as a result of the supply problems. A further update on earnings expectations would be issued in due course.The news bodes ill after Eskom warned consumers this week electricity supplies w...
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