Recession and downgrade? Economists spell out risks that come with load shedding
Economists have argued that the risks to the South African economy are so grim that the country is flirting with a fresh technical recession as well as a sovereign credit rating downgrade from the agencies that have spared the country time and time again.
Minister of Public Enterprises Pravin Gordhan and Eskom’s executive directors briefed South Africa on Tuesday to say that the load shedding crisis in the country showed no sign of letting up.
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