Drop in value of new projects shows powercuts and uncertainty fuel investment strike

The value of large investment projects in SA’s economy slumped by more than a third in 2022, reflecting the devastating effect blackouts — as well as the deterioration in global growth prospects — have had on business confidence.

SA experienced more than 200 days of rotational power cuts last year and has had blackouts every day so far in 2023. The poor performance of the state transport utility and a plethora of other problems have combined with the energy crisis to dent confidence...

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Fixed investment falls as state fails to curb rotational blackoutsDivisions within government on how to stabilise the electricity supply do not inspire confidence U mean state subsidizing RIPP’s with tax payers money hesitance due to cost, economic impact n low baseload is Division? Hesitance is informed by high costsn baseload incapacitation. Why is this truth no stated?
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

International Finance: Asian equities drop; yen declines on BOJ report: markets wrapStocks in Asia dropped as an unexpectedly strong US jobs report raised the prospects of more rate hikes from the Federal Reserve, while concern over US-China geopolitical tensions also weighed on sentiment.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »