SARB’s Kganyago says power cuts stifling economic growth

Rolling blackouts are stifling the country’s economic progress. That’s been confirmed by Reserve Bank Governor, Lesetja Kganyago.

Eskom implemented Stage 4 power cuts on Tuesday morning. The utility says this is due to a loss in generating capacity.

“A modern economy needs a reliable economy. The bulk of the problems that we have with respect to low growth have to do with constraints to the economy, of which electricity is another,” Kganyago said.

Source: eNCA

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