Load shedding is making South Africa poorer and poorer, warns economist

World

Long and consistent power cuts are not just inconveniencing South Africans but also tearing through the country’s economy.

Ray White interviews The Efficient Group Chief Economist and Director, Dawie Roodt.

Chief Economist Dawie Roodt says a major contributor to South Africa’s decade-long sluggish economic growth is our lack of a sustainable energy supply.

South Africa has been on a slow growth trajectory of just 1.5% over the past ten years and load shedding adds a significant hindrance, he adds.

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… we have been getting poorer for the past 10 years on a per capita basis … one of the major contributors to this is a lack of electricity.

Dawie Roodt ,Chief Economist and Director – The Efficient Group

Scroll up to listen to the interview.

 


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