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Fixed investment falls as state fails to curb rotational blackouts

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Divisions within government on how to stabilise the electricity supply do not inspire confidence

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. This, and the poor performance of the state transport utility and a plethora of other problems, has dented confidence...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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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?

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