As government scrambles to soften the blow of Stage 6 load shedding, power troubles coupled with rising costs and low employment heighten the risk of strife and unrest. | KhulekaniMag Fin24
Stage 6 load shedding – the worst since 2019 – sparked by a wildcat strike at ailing power utility Eskom could stamp out the SA economy's recent tentative green shoots, analysts have warned.
Amid spiralling unemployment, high inflation and rocketing fuel prices, there have been small pockets of good news. Tuesday saw a, while sovereign rating agencies have been looking at the country in a slightly more favourable light. In April, Moody's adjusted its outlook for South Africa from negative to stable, and in May S&P adjusted its outlook from positive to stable. The adjustments were attributed to a renewed commitment to structural reforms and honouring debt commitments.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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