Load shedding is making South Africa poorer and poorer, warns economist
Long and consistent power cuts are not just inconveniencing South Africans but also tearing through the country’s economy.
Source: 702.co.za
Stay updated with breaking news from Efficient Group. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Long and consistent power cuts are not just inconveniencing South Africans but also tearing through the country’s economy.
Chief economist and director at the Efficient Group, Dawie Roodt, said that according to his calculations, the South African economy cannot grow faster than at a rate of about 1.5%.
SA’s high-end private schools have increased fees by between 6% and 8.5% for next year.
But some are cautious about his capacity to accelerate reform.
This came on the back of some improvements in the country’s economy - which saw a growth of 1.6% in the third quarter.