Power cuts, no water: Service delivery issues keep us awake at night, says Famous Brands CEO

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
0:00
play article
Subscribers can listen to this article
Service delivery in SA's municipalities has been a challenge for businesses.
Service delivery in SA's municipalities has been a challenge for businesses.
Deon Raath/Rapport

Service delivery in SA's municipalities has been a challenge for businesses - and Steers owner, Famous Brands is not exempt, with CEO Darren Hele saying the group suffered a daily impact. 

"I think those kinds of issues around water, electricity and governance at municipalities are the three … things that keep us awake at night. Because they impact on us every day," said Hele.

The CEO of the JSE listed company said that, like many people in South Africa, he was concerned about the shortcomings of municipalities. He was speaking to Fin24 after presenting Famous Brands’ results for the six months ended 31 August.

Support independent journalism
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
16.08
-1.0%
Rand - Pound
19.85
+0.2%
Rand - Euro
16.84
-0.3%
Rand - Aus dollar
11.18
-0.1%
Rand - Yen
0.13
-2.0%
Gold
1,816.59
+0.1%
Silver
21.40
-1.1%
Palladium
2,006.50
-2.4%
Platinum
938.25
-1.9%
Brent Crude
111.93
-2.1%
Top 40
62,494
-0.9%
All Share
69,083
-0.9%
Resource 10
71,795
-1.4%
Industrial 25
76,804
-1.3%
Financial 15
16,026
+0.8%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot