Tuesday, 3rd October 2023
<To guardian.ng
Search

No Power, No Growth: South Africa’s daily struggles with power cuts

By France24
02 June 2023   |   4:11 pm
South Africa's economy is at risk of going off the grid as recurring power cuts wreak havoc on the country's businesses and households. Alongside this energy crisis, the nation's central bank is sounding the alarm over potential threats to financial stability. These concerns stem from capital outflows and the possibility of sanctions due to South Africa's stance on Russia's invasion of Ukraine.

Related

7 Aug
South Africa's historic appearance in the 2023 World Cup knockouts is the latest milestone for women's football. The success needs to be matched by off-field investment.
11 Aug
Julius Malema, leader of South Africa's left-wing Economic Freedom Fighters (EFF) party, has faced criticism after singing a controversial chant that native South Africans sang during the fight against apartheid. But did he call for white genocide?
19 Aug
Afghanistan's Taliban rulers took over the capital Kabul on August 15, 2021. A Taliban spokesperson denied the group was anti-woman in comments to DW, while the UN has accused it of gender apartheid.
25 Aug
Africa is in dire need of electricity — and hydro power is expected to play a crucial role in its delivery. The potential is huge, but every project bears challenges which must be overcome.
23 Aug
Leaders of the BRICS group of emerging economies meet in Johannesburg as divisions between the founding members about the bloc's future appear to emerge. Thirty-eight Senegalese nationals are repatriated after a migrant boat drifts off Cape Verde. And Zimbabwe gears up for presidential elections amid economic hardship.
30 Aug
A group of senior Gabonese military officers appeared on national television in the early hours of Wednesday and said they had taken power, minutes after the state election body announced President Ali Bongo had won a third term.
31 Aug
At least 63 people were killed and 43 injured in a fire in the central business district of South Africa's biggest city of Johannesburg on Thursday, the municipal government said.
2 Sep
The regional bloc CCAS, and the country's opposition coalition, have urged international partners to push for a rapid return to civilian rule. Also in this edition: In Democratic Republic of Congo, at least 48 protesters are reported to have been killed in the eastern city of Goma. And finally: In South Africa, the death toll rises to 76 after the devastating Johannesburg fire at an abandoned apartment block that housed dozens of homeless people and squatters.
17 Sep
German economy posts zero growth in second quarter. German gross domestic product (GDP) remained level between the first and second quarters of 2023, according to new data released last week. Year-on-year, the economy contracted by 0.2% in the second quarter.
14 Sep
Find these stories and much more when you grab a copy of The Guardian on Friday.
21 Sep
A bus carrying employees from a diamond mine in Limpopo reportedly collided with a lorry. Road safety is a critical challenge in South Africa, despite the country's advanced road infrastructure.
20 Sep
At the same time the global economy was forecast to do slightly better in 2023. But the effects of tight monetary policy are expected to be felt for a while yet.