Eskom has implemented record rotational blackouts this year because its old and poorly maintained power stations continually break down.
“The fluctuations in the supply of electricity have profound implications for the economy and could be viewed as the biggest risk to growth and through that the future of South Africa,” said Sygnia Ltd. Executive Chair Magda Wierzycka, in an e-mailed response to questions.
It predicts economic growth will slow to 1.1% in 2023 from 1.8% this year and it assumes increased power rationing will shave 0.6 percentage points off output. “It will not be easy to find someone suitable, but the government cannot afford to get it wrong one more time.
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