The World Bank cited electricity supply and infrastructure constraints as impediments to domestic growth. The bank's revision comes as Eskom resumes rolling blackouts earlier than expected.The World Bank cited electricity supply and infrastructure constraints as impediments to domestic growth. The bank's revision comes as Eskom resumes rolling blackouts earlier than expected.
Eskom is currently implementing Stage 4 rolling blackouts during the day and stage six in the evenings until further notice.The council’s CEO James Mackay says the impact on the economy due to the energy crisis is immeasurable. Mackay says, “We are quite rapidly just winding down the economic machinery in terms of industry. Even small, medium enterprises just can not afford a billboard. I have seen far too many examples of companies literally saying that if nothing is done to improve the situation in 2023, they are gonna have to start cutting jobs.
The extension came after a court had ordered Nersa to make the decision on Eskom’s application on or before December 24, 2022.Eskom is also requesting a further 9.4%.Data published by Statistics South Africa reflects the adverse impact of load shedding and muted global economic growth on the manufacturing sector.The largest negative contributions came from food and beverages, wood and wood products, as well as petroleum and chemical products.
Analysts say while load shedding has been a deterrent for the manufacturing sector, high input costs have also weighed heavy on the sector in the past couple of months.
Wow CyrilRamaphosa and his friends must be a happy then,more jobloss more R350 beneficiaries he can bragg about akere MYANC ?
Where is the 100 billion CyrilRamaphosa got from the king of England 😁😁😁 I hope it not fall inside the couch
🤣🤣🤣🤣
Just like we fought to get on this traumatic side of democracy, I think we brave men and women are going to die again to get us back to that side again of the white govt. What do you think we should do ? It's over 😏.
PresidencyZA CyrilRamaphosa MYANC
Loadshedding is one of the reasons i am unemployed today