Blackouts appear to be getting worse, more frequent and longer than previously expected
The Bank of America has reduced SA’s economic growth forecast for 2023, a third revision in just two months, largely due to greater energy supply shortages that, the bank says, have worsened and become more binding than those of 2022.
Speaking at a virtual meeting last week, the bank’s economist for Sub-Saharan Africa, Tatonga Rusike, said the blackouts appear to be getting worse, more frequent and longer than previously expected...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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