Economist warns second-quarter GDP could contract amid worst power cuts in more than two years
SA’s economy risks falling into recession in 2022 as the worst power cuts in more than two years combine with weakening consumer confidence and demand and April’s devastating floods in KwaZulu-Natal to undermine its already fragile prospects, economists say.
Their comments on Monday came as SA entered a third week of rolling power cuts, which have frustrated society and businesses, which have at times been left without electricity for as long as six hours...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 Sunday Times Daily.
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