Blackouts

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 →