South Africa passes 200 days of power cuts as 2022 draws to a close | Business

Eskom has implemented record rotational blackouts this year because its old and poorly maintained power stations continually break down. The energy shortages have dented investment and weighed on output.

The South African Reserve Bank said last month that power outages mean the economy is only likely to expand by 0.1% in the final quarter. It predicts economic growth will slow to 1.1% in 2023 from 1.8% this year and it assumes increased power rationing will shave 0.6 percentage points off output.A deep dive into the big business story of the week, as well as expert analysis of markets and trends.

_Business Now that what you would call breaking news....... Yawn

_Business The use of the words 'power cuts' is quite misleading and does not represent the true scale of the electricity supply deficiency. Would have been more apt to use the words 'planned nationwide extended power outages'.

_Business Sad part is that South Africans have now accepted this new norm....no one seems to be doing anything about it anymore.

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_Business Congratulations ANC government your biggest legacy well-done

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