Chief economist and director at the Efficient Group, Dawie Roodt, said that according to his calculations, the South African economy cannot grow faster than at a rate of about 1.5%.
JOHANNESBURG - Chief economist and director at the Efficient Group, Dawie Roodt, said that South Africans have been getting poorer over the past 10 years and that power cuts were a major contributing factor.
Roodt’s comments come in the wake of the country's largest fast-food chain, KFC, this week announcing that it was temporarily closing some of its stores and that some menu items might not be available in others because of the power cuts.Roodt said that according to his calculations, the South African economy cannot grow faster than at a rate of about 1.5%.
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