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

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Outages can be expected every week this year and if the inadequate electricity generation situation isn’t addressed the prospects for economic growth will be dismal, Lungile Mashele, sector specialist for energy and infrastructure at the Public Investment Corp., told a conference in Johannesburg on Thursday.

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. No power, no electricity – everything shuts down.Marginal underground precious metal mines may close, leading to lower export earnings and job losses.

_Business The ANC can't care less. As long as those at the top can eat.

_Business Viva ANC government!

_Business More to cuts to economy to come, says Minister for Electricity in the State President's office. Electricity Demand in South Africa too high !!!

SouthAfricansP1 _Business BongekileFilana doesn’t care about this, she merely wants to sing and dance for supper

_Business IMFNews IFC_org BBCWorld WHO EU_Commission eu_eeas AusGov NewZealandGov EnglandGov MoodysInvSvc stat_world questCNN MinPres NEDemocracy en_germany UKParliament DailyMailUK SwedenUN swiss_un FBI FitchRatings UN FoxNews SkyNewsBreak

_Business Wakanda Forever 🤣🤣

_Business Frightening how many jobs these loadsheddings have destroyed.

_Business

_Business

_Business Thank goodness candles are not powered by electricity.

_Business Is it blecks

_Business Viva ✊🏿✊🏿✊🏿

VehicleTrackerz _Business Why say a fifth and not 20%? -20% is massive. CyrilRamaphosa useless.

_Business Viva ANC viva, viva cadre deployment viva,

_Business 2 add salt 2 wounds, almost every1 is jumping on the bandwagon 2 hide their inefficiencies using rolling blackouts as an excuse! Wonder when the insurance companies r going 2 hang small business out to dry? Ppl r getting their food contracts cut coz small shops fridges r failing

_Business Not power cuts. Piss poor governance. The ANC fkd up.

_Business All these stats and business impact analysis either falls on deaf ears of the corrupt or cannot be comprehended by the ignoramuses. Hence we see the inaction to redress the situation.

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