The crippling
effects of ongoing load shedding have been felt in every sector and more
businesses are searching for solutions to curb losses.
In an exciting development, WesBank, South Africa’s leading
financier of moveable assets has signed an agreement with industry leader
Turner Morris to assist local businesses in minimising the impact of electricity
load shedding.
The venture will see WesBank offering finance packages for
businesses to purchase all stationary prime and standby generators generator in
the Turner Morris business line-up.
“It is an unfortunate reality that load shedding is here to
stay for the next few years, but we’ve seen that South African businesses are
tenacious and want to adapt to challenging conditions in order to remain
profitable,” says Gerald Burton, CEO of the WesBank corporate division.
“Here at WesBank we also like to adapt to what the market
demands, and have come up with a solution that reduces the immediate financial
impact of buying a generator. Our Turner Morris finance packages are suited to
all businesses – coffee shops to factories.”
The International Monetary Fund has already forecast that
South Africa’s GDP will only grow by 2.1% in 2015, and energy experts
have estimated that load shedding can seriously affect the economy. It is
estimated that ten hours of stage one load shedding, per month, could cost up
to R20 billion, while more severe stages could see that figure climb to as much
as R80 billion per month.
The Turner Morris standby generators are available to meet
the power demands of a wide range of businesses (vets, hairdressers, motor
dealerships, cinemas, fisheries and other commercial industries that
manufacture goods and services). The business generators are designed to
be installed permanently on-site, and have fuel tanks that will provide a
stable power supply for up to eight hours. They are equipped with world-class
engines from either Perkins or Cummins and are recognised as reliable assets
for any business. Additionally, they are backed up by full support
throughout South Africa and the rest of Africa.
WesBank offers finance for all business generators stocked
by Turner Morris, with models that have outputs ranging from 12.5kVA to 2
000kVA. The generator finance deals for the selected models are structured over
60 months, and at an indicative interest rate of 12%. Instalments, including
all associated fees, are R3 075 per month for the 22kVA model; R4 345 per month
for the 66kVA model; and R5 510 per month for the 110kVA model. However, terms
and conditions do apply. Turner Morris offers installation of all its
generators, which will activate a one-year/2 000 hour warranty. Installation
also includes an automatic mains failure panel and an automatic transfer
switch, to ensure seamless operation when grid power is lost.