The squeeze tightens
01 July 2015 - 08:27
South Africans are starting to feel the full effects of load-shedding and the rising petrol price. Statistics released yesterday paint a gloomy picture of the financial health of the industrial sector and a widespread loss of white-collar jobs.According to the Stats SA quarterly statistics, load-shedding and fuel costs were responsible for the biggest drop in turnover since 2010 in seven of South Africa's eight key industries.
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