Loadshedding continues to cast a confidence-sapping pall across South Africa’s real economy, which is lso being weighed down by a series of other infrastructure failures, from water to rail. Focusing on the electricity crisis – which remains the biggest risk to growth and development even though other threats are rising – appears to be yielding some results, albeit insufficient in speed and scale to fully address the crisis.
Nevertheless, there is still a long way to go, with South Africa’s public procurement of new generation continuing to underdeliver.
However, the pressure on the real economy does not start and end with power, or the lack thereof.
Creamer Media’s ‘Real Economy Yearbook 2023’ reflects on the lack of sustainable progress in building capacity in the public sector, the ability of the country to build resilience against further crises, along with South Africa’s appeal as an attractive investment option.
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