The central bank’s latest forecasts predict that the economy will sacrifice 0.4 percentage points in GDP growth if Eskom’s availability factor declines to 65% for a few months.
In stark contrast, Eskom’s turnaround plan requires the availability figure at this point to have been in excess of 70%. He said the damage to the economy was so bad that South Africa was unlikely to avoid a recession this quarter. Professor Raymond Parsons, an economist at North-West University’s business school, said the economy would battle to grow by 0.3% this year.
Still, they will not blame Ramaphosa or his rubbish policies for it. They gonna go back to Zuma years and get something to blame. The finance minister of most of Zuma years is today's media favorite, Jamnadas Gordhan. Even there, they wont say a word about him.
Jobs vs employment