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South Africa’s Power Crisis Takes A Toll On Its Economy
South Africa’s deepening power crisis, the worst crisis since 2008, triggers nearly daily outages across the nation which has impacted key industries in addition to households, has taken a toll on its economy. In 2014, South Africa’s economic growth came it at a paltry 1.5%, which is the lowest rate of growth in five years, the Financial Times (FT) reports. Although … Continue reading
South Africa’s Power Crisis Inhibits Growth
By Alexia Jablonski Scheduled blackouts – termed “stage 3 load shedding” – were made to areas in rotation to prevent the entire system from collapsing. Severe strains on the power grid were prompted by the collapse of a coal silo at the Majuba power plant on November 1st. The power plant is managed by the … Continue reading
