SA economy still has a pulse as companies generate own power - but grim times are ahead | Business

📆 07/06/2023 14:01:00
📰 News24

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 80%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Despite record levels of load shedding, all energy-intensive sectors in the economy – including mining, manufacturing and construction – grew in the first quarter of this year, new GDP numbers show. | HelenaWasserman Sport24news

"If sustained, this may be a more concrete indication that corporates are being innovative and increasingly becoming less reliant on the electricity grid to sustain production," said Thanda Sithole, FNB senior economist.

He points to a decoupling in real GDP and electricity usage as measured by Eskom and Statistics South Africa, evident in this graph:Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Aviation head takes aim at SA for upping airport charges despite 'inefficient' operations | BusinessHigh airport charges in South Africa are compensating for their poor operational efficiency, according to the International Air Transport Association. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

Business Daily - Business Daily Meets: Tony Elumelu - BBC SoundsNigeria's most well-known economist on 'Africapitalism' and why he thinks Africa needs to rethink its relationship with business.
Source: BBCAfrica - 🏆 23. / 61 Read more »