Failure to adhere to best practices in occupational health and safety can have adverse financial implications for companies. We have in recent times, seen lawsuits approaching R100 million lodged on behalf of workers who were not properly protected from the hazards inherent in their workplace.
Although South African business leaders may feel somewhat besieged by bad news and murmurs of ‘unbearable’ Eskom tariff hikes, tech-fuelled innovation is providing business with new options to lower energy consumption.
Mining Charter III (MCIII) heaps more pain on South Africa’s alluvial diamond producers who already face enormous cost burdens and high risks. This previously productive and successful small or junior diamond mining industry consists of just 180 remaining entrepreneurial mining operators employing around 5,000 people at an annual salary bill of R550 million.
With the long-awaited Carbon Tax Bill now expected to be implemented in June of 2019, businesses still have some time to develop new energy strategies that can help to reduce their carbon footprint.
A market for electricity has a salutary effect on the behaviour of all the participants in the generation and supply of electricity. Generating plants, transmission grids, distribution grids, wholesalers and retailers, all behave differently when they compete for business with alternative suppliers.