Reserve Bank: Loadshedding to Impact Economy for 12+ Months

The South African Reserve Bank (SARB) has forecasted a meagre 0.3% growth in GDP for 2023, with loadshedding expected to subtract two percentage points from overall growth this year. According to the SARB’s Financial Stability Review, this projection assumes 280 days of loadshedding at various stages, predominantly at stage 4 as reported by the Sowetan … Continue reading Reserve Bank: Loadshedding to Impact Economy for 12+ Months