The intensified rolling blackouts will negativelyIt is expected the budget deficit will widen as expenditure pressures rise and less revenue is collected.
Senior Economist at Absa Peter Worthington says; “One of the big issues is of course is the intensified load shedding that the economy is labouring under. It is going to have an impact on the fiscus, it will slow the growth of the economy and that is not good news for tax receipts in general.
Worthington says the support package to cushion households and businesses that President Ramaphosa promised will be one of the key areas of focus of the budget:the country will be on Stage 6 load shedding after breakdowns at eight generation units . Briefing the media on Monday the embattled power utility said the electricity system remains highly constrained and unreliable.Outgoing CEO, Andre De Ruyter, said they hope to reduce blackouts to stage four by Thursday:
Very soon he will be molesting a woman at a spa. Bloody skunk phathaphatha🤢
Enoch my TV was damaged due to load shedding. I am holding your government responsible. Please replace it and include that in your budget. We want transparency. Do the right thing.