Business Unity South Africa and an economist have raised concerns that ongoing power outages could lead to a further decrease in the country’s gross domestic product in the third quarter of the year.
JOHANNESBURG - Business Unity South Africa and an economist have raised concerns that the ongoing power outages could lead to a further decrease in the country’s gross domestic product in the third quarter of the year.
It cited load shedding, the floods in KwaZulu-Natal as well and the outbreak of foot and mouth disease among the causes.Stats SA said at least seven key sectors of the country’s economy shrunk in the second quarter of this year.
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