Blackouts have reduced the potential size of South Africa’s economy by almost a fifth since they started being imposed around 2008, according to an energy specialist at Africa’s biggest fund manager.
Mashele, whose organisation manages R2.55 trillion, said outages are affecting everything from the timing of surgeries and the slaughtering of chickens to mining production volumes. “If we had focused on our problems in 2008” the situation be a lot better today, she said. “No power, no electricity – everything shuts down.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ramokgopa says power cuts make SA a hard sellPeople want results, electricity minister says ahead of investment conference Yeah we know. Oh you don’t say😲 Well, rather sell your wrist watch.... Monna wa 'matla'....
Source: BDliveSA - 🏆 12. / 63 Read more »