Sona | Job creation prospects still gloomy
Around this time last year, President Cyril Ramaphosa said the country’s ability to create jobs had been held back by an unreliable electricity supply, inefficient network industries and the high cost of doing business.
The survey found that the economy was unlikely to grow by more than 0.3% quarter on quarter this year and predicted that GDP growth would slow to 1.2% this year from 2.3% last year. According to investment company Differential Capital the biggest impact of loadshedding is through its negative impact on business confidence:
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