Planned power cut will hit operations hard, says Astral
ESKOM’s planned power interruptions to the Lekwa Local Municipality in Mpumalanga starting on January 23 as a result of outstanding payments to Eskom would affect Astral’s feed and poultry operations in the area, the JSE-listed poultry producer said yesterday. Astral chief executive Chris Schutte said: “We regard the notification of the power interruptions and potential disconnection of electricity supply to Astral’s largest feed milling and poultry processing operations, as a catastrophe. A major part of Astral’s operations is the livestock business, thus any form of power cuts has a severe impact on the continuous supply chain of the integrated business, with dire consequences. The magnitude of this decision has far-reaching impacts on the community, livestock and food security at a national level,” he said. Astral’s share price on the JSE was yesterday down 1.84 percent at R133.51 a share.