South Africa Celebrates Over 200 Days of Constant Power Supply

Date:

South Africa has reached a major milestone, surpassing 200 consecutive days of uninterrupted electricity supply.

This achievement represents a crucial step in the nation’s ongoing efforts to tackle its long-standing energy crisis, according to reports on Monday citing Minister of Electricity and Energy, Kgosientsho Ramokgopa.

Ramokgopa stressed the government’s determination to end load shedding, a practice that has severely disrupted businesses, slowed economic growth, and negatively impacted daily life.

“Load shedding has been an albatross on the economy and logistics, interrupting businesses and being responsible for the bloodbath of unemployment,” he reportedly said at a media briefing in Free State Province. Ramokgopa acknowledged that more work remains to ensure load shedding is permanently eliminated.

The minister also highlighted the improved performance of Eskom, South Africa’s state-owned power utility, which has increased its energy availability factor (EAF) to over 66%, a significant improvement from the 55% recorded in March 2023. Eskom is on track to reach an EAF of 70% by 2025, which is expected to bring even greater stability to the country’s energy supply.

President Cyril Ramaphosa echoed this optimism in his weekly newsletter, noting the positive effects on South Africa’s GDP and investment climate. Projections from the Bureau for Economic Research at Stellenbosch University suggest GDP growth could reach up to 3% in the next 18 to 24 months.

Subscribe

spot_img

Popular

Related
Related

Ethiopia: Sweeps Elite Titles at NMDC Hyderabad Marathon as Indian Runners Shine

Ethiopian athletes sweep Hyderabad Marathon elite titles while Indian runners deliver strong performances, highlighting growing international competition in distance running.

Brazil: Launches New Initiative to Strengthen Trade Ties With Southern African Nations

Brazil launches a new initiative to expand trade, investment, and business cooperation with Southern African nations and emerging markets.

Egypt: Food Exports Reach 172,000 Tonnes in One Week, While Imports Rise to 218,000 Tonnes

Egypt exports 172,000 tonnes of food while imports reach 218,000 tonnes, highlighting strong agricultural trade and international market demand.

Saudi Arabia: Stocks End Lower as Tadawul All Share Index Slips 0.71%

Saudi stocks finish lower as Tadawul falls 0.71%, with broader market weakness and cautious investor sentiment weighing on trading.