Advertisements
Home » Infrastructure vandalism costs industry

Infrastructure vandalism costs industry

0 comments

THEFT and vandalism of electricity, rail and telecoms infrastructure is bleeding the local industry as local firms continue to report multiple cases, piling pressure on margins.
While the government has banned the export of scrap metal to neighbouring South Africa, the local trade of scrap within the informal sector remains loosely controlled and monitored and continues to offer an elastic demand for vandalised infrastructure.

Advertisements

In an update recently, fixed network operator TelOne said it incurs huge costs in the form of replacement costs and funds injected to curb the vandalism, with the estimated revenue losses averaging US$1 million annually.
TelOne reported an increase in the number of infrastructure vandalism cases with vandals mostly targeting copper installations that currently make up more than 60 percent of the network.

Subscribe to The Financial Gazette

This is premium content. Subscribe to read article.

Subscribe Today

Gain access to all articles. Subscribe Today.
Advertisements

Related Posts

Leave a Comment

Advertisements

The Financial Gazette It is southern Africa’s leading business and political newspaper well known for its in-depth and authoritative reportage anchored on providing timely, accurate, fair and balanced news.

Newsletters

Subscribe to The Financial Gazette newsletter for financial & business news worth reading. Let's stay updated!

©2024 The Financial Gazette. A Media Company – All Right Reserved. Designed and Developed by Innovura
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More