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

📆 6/7/2023 7:01 AM
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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.

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