The Group posted defensive results despite a challenging operating environment. Foreign currency shortages continued to hinder the Company’s ability to meet its capacity enhancement and routine maintenance requirements. Headline tariffs, which were last reviewed August 2020, continued to threaten the industry’s viability especially in such a hyperinflationary environment. Load shedding persisted in the period under reviewed resulting in the Company resorting to the use of diesel-powered generators. Consequently, cost of doing business for the Group increased in the period under review. On the contrary ...
