A long and dark winter, with a devastating effect on the economy, is what South Africans could expect, should there be a breakdown in the marathon wage negotiations ending next month between Eskom and labour, according to leading economists. Economist Mike Schussler said the economy was losing R12 million for every 1 000 megawatts lost per hour during stage 1 load shedding – with R48 million lost in stage 4. In a bleak scenario of a breakdown in talks, Schussler warned of a gloomy economic picture – forcing the cash-strapped power utility to ask for another bailout from government. ALSO…



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