South Africa ‘needs cheaper power for growth’

Business Day Live 22 February 2013.

IF SOUTH Africa wants to increase economic growth and reduce unemployment, it needs more reasonably priced, available electricity, Econometrix MD Rob Jeffrey says.

The official gross domestic product (GPD) growth figures are expected next week but analysts expect that it will be in the 2.5%-2.6% range, substantially lower than the mooted 5% growth needed to address the country’s 25% unemployment. These growth figures also lag significantly behind other African economies…

More…

Advertisements