Lies, deceit, theft still going on.
Prospecton electricity was off over half the week with fire at substation, big industry all down! Towns intermittent between electricity/water. Sea mostly still high Ecoli levels.
Worrying News: "South African refineries dwindle as operators BP, Shell, Total and Sasol pull out" mention made in budget speech "Ramaphosa makes dubious fuel refining claims in state of nation address".
"South African municipalities – 163 out of 257 – were found to be ineffective and sometimes corrupt, leading to poor service delivery."
So much to try unpack it is no wonder I walk around talking to myself of late, perhaps I find solid answers somewhere!
I knew the refineries had pulled out but not SASOL. This means we are importing fuel (petrol and diesel) and not the raw material which is obviously more costly. Yes some hard decisions need to be made as my business relies on raw material from SASOL and cannot do without. Prices are rising weekly as this is a different type of inflation that we are experiencing now as running costs have risen in manufacturing and retail due to funding their own power.
Obtaining information from reports, damned difficult of late. Business throughout the country battling with rising costs,
SASOL:
https://businesstech.co.za/news/energy/658727/major-renewables-project-for-sasol/
https://www.prnewswire.com/news-releases/sasol-limited-interim-results-announcement-for-the-six-months-ended-31-december-2022-301751743.html
Last link stats it is evident in Turnover and EBIT slowing down on fuel.