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Power cuts slashed potential size of SA's economy by a fifth, says PIC

Summary by Ground News
load shedding has had a devastating impact on SA's growth prospects. Power cuts have reduced the potential size of South Africa's economy by almost a fifth. Eskom has imposed rotational blackouts on more than 200 days in 2022 and almost every day this year. The central bank has estimated that the energy crisis will shave 2 percentage points off growth.

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Power cuts slashed potential size of SA's economy by a fifth, says PIC

Power cuts have reduced the potential size of SA’s economy by almost a fifth since they started being imposed around 2008, according to an energy specialist at Africa’s biggest fund manager.

·South Africa
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BloombergBloomberg
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Power cuts have reduced potential size of SA economy by a fifth: PIC

Blackouts have reduced the potential size of SA’s economy by almost a fifth since they started being imposed around 2008, according to an energy specialist at Africa’s biggest fund manager.

·United States
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Bias Distribution

  • 50% of the sources lean Left, 50% of the sources are Center
50% Center
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Bloomberg broke the news in United States on Thursday, March 23, 2023.
Sources are mostly out of (0)
Stories disproportionately reported by the Left or the Right

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