Energy crisis has laid waste to SA’s economy, Reserve Bank data shows

Load-shedding cut SA’s real GDP growth by 2.3 percentage points in the third quarter when adjusted for non-conventional working hours, weekends and public holidays, according to calculations by the SA Reserve Bank.

The power cuts hit the agriculture, forestry and fishing; manufacturing; mining; and transport, storage and communication sectors worst, it said on Thursday in its latest quarterly bulletin , as SA experienced its worst load-shedding on record in the third quarter of 2022 since power cuts started in 2008...

You don’t need data to show that, just look around.

And it will continue unabated until nothing is left.

No-one to blame, of course.

You mean the Jan van Riebeeck problem

And there is NO end in sight.

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shift to renewable energy must include plans for waste disposal - IT-OnlineAs South Africa increasingly looks to renewables to help address the country’s chronic energy crisis, independent power producers must ensure they have the right systems in place to dispose of wind and solar energy and associated storage equipment reaching the end of its life cycle. World leaders attending the recent United Nations Climate Change Conference […]
Source: ITOnlineSA - 🏆 16. / 63 Read more »