Loadshedding = bankruptcy is indeed a bold statement to make, and we really do believe that the South African government does not realise the ripple effect that loadshedding has on its citizens, businesses, and overall economy. It is rippling our economy and our people. I can unequivocally state that the statement loadshedding = bankruptcy is true. The facts follow below:
Bankruptcy = Loadshedding
Many companies are facing bankruptcy due to
loadshedding. The impact of loadshedding on businesses and individuals are immense and therefore a very important topic to discuss and to bring under the attention of the South African government. The powers that be, have no idea of the impact loadshedding have on this beautiful country and its economy.
Is companies and individuals really going bankrupt due to loadshedding?
Individuals and corporations alike go bankrupt because of load shedding. Loadshedding has become an inevitable part of South African life. It has a significant detrimental influence on both businesses and individuals. Employers and employees.
Can load shedding truly be accountable for so many company closures?
Load shedding results in economic losses, disruptions to daily operations, and lost profits for enterprises. When loadshedding occurs, there is no electricity, which prevents people from doing what they need to do and earning money. This has an immediate and long-term impact on the company, resulting in lower revenue and customer satisfaction. Until that tragic day when the company became compelled to liquidate.
How do businesses suffer due to loadshedding?
Businesses in South Africa suffer considerably because of loadshedding, with operation stopped and profits reducing daily. Businesses are going out of commission because of loadshedding, and people are losing their jobs as a result of operational requirements caused by loadshedding.
Invest in Alternative Solutions
The most important thing for businesses to do when preparing for loadshedding is to begin investing in alternative energy sources.
The Big Decision
The decision is between acquiring an alternative power solution and laying off some staff, or not having a power solution and continuing to lose money.
The most difficult decision for any business owner...
This must be the most difficult decision a business owner or director has ever had to make. Choosing between losing top employees to finance a power solution because loadshedding is destroying his profitability or maintaining both and risking losing the company because of loadshedding. Another variable to consider is how much money the company has already lost as a result of load shedding. Will the business be able to turn around and become profitable again after the loadshedding solution is installed?
What happens if a company lacks the finances to invest in alternative energy sources?
Borrow money to fund the Loadshedding solution – Loadshedding = Bankruptcy…
1. Many companies will borrow money to invest in alternative energy sources. However, this is detrimental to the company. The company's revenue will most likely remain constant, and these monies must be returned to the lender in some manner.
Financial difficulties - Loadshedding = Bankruptcy…
2. It is terrible that many firms are suffering financially because of loadshedding and are forced to liquidate.
To many service providers and scammers - Loadshedding = Bankruptcy…
3. The market is saturated with firms offering solar solutions, inverters, generators, and so on. However, company owners are not always able to pay the implementation of these solutions.
Do what needs to be done - Loadshedding = Bankruptcy…
4. Business owners will do all in their power to keep their companies. They worked hard to develop these businesses, and they must consider the larger context of their decisions.
The employees - Loadshedding = Bankruptcy…
5. What about the company's employees, and how will the financing obtained for the development of alternative energy sources affect the company and its employees?
Finance agreements - Loadshedding = Bankruptcy…
6. Many companies are coerced into acquiring a load shedding solution on the basis of a financial arrangement that is detrimental to the company. Although the owner has a loadshedding solution, he is unable to pay his staff. Employees begin to struggle with personal finances. The employer is hurting financially on a personal level, and the company is failing financially as well. Now for the crucial question. Was installing an alternate power option beneficial to the company? It was not a smart idea if the company could not afford it.
Become Debt Free - Loadshedding = Bankruptcy…
7. How can business owners eliminate corporate debt and walk away with no money owing to any creditors, apart from those to whom they gave personal security on behalf of the company?
The solution – Declare Bankruptcy - Loadshedding = Bankruptcy…
The problem has a single solution. Liquidate the business and start once more with no debt.
Finding a Debt Relief Specialist: PLEASE HELP!
