Financial services top of the list in planning for ‘unlikely’ total blackout
While the risk of a complete collapse of the national grid is small, the consequences would be so dire that businesses must be prepared, industry officials say
24 January 2023 - 18:15
Senior members of the banking and financial services sector agree the likelihood of SA experiencing a total collapse of the power grid is small, though they warned that businesses should prepare for such a scenario.
Longer and more frequent bouts of load-shedding, while devastating to people’s businesses and lives, is not an indication that the risk of a total blackout event is increasing, they said. Still, the consequences of a total blackout would be so dire that businesses must take it into account, they added. ..
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