A survey has revealed that businesses are losing ZWL$2.5 million in annual sales due to continuous power outages, the Independent reports.
The survey conducted by ZNCC revealed that businesses are losing anything between $20000 and $30000 a month in sales due to the power outages.
Here are some statistical highlights that came out in the survey according to the publication.
- Majority of businesses representing 90% of the sample indicated that electricity outages negatively affects their revenues resulting in revenue loss. The losses among others come due to the fact that they will have reduced sales and some orders will be lost as they will be considered unreliable suppliers
- Around 85% of businesses lose customers after power outages given that businesses will not be able to effectively communicate with the said customers, they will not be able to meet deadlines agreed with customers and delivery due to dates will be missed. As such the customers will start looking for other suppliers going forward.
- Around 87% of surveyed firms indicated electricity power outages result in reduced/decreased labour productivity. According to respondents, these losses emanate from the fact that during electricity outages salaried labour will be lying idle but the same will be paid in full salaries at the end of the month.
More: The Independent