February 5, 2023
1 min read

‘Electricity crisis continues to undermine economic growth’

Some of the power stations which are reaching the end of their lives will be repurposed from coal to renewables, the President added…reports Asian Lite News

South African President Cyril Ramaphosa has said that the electricity crisis in the country continues to undermine economic growth and investment.

“Load shedding damages businesses, disrupts households, compromises the provision of social services, and affects the safety and well-being of the people,” Ramaphosa, also President of South Africa’s ruling party African National Congress (ANC), made the remarks at the ANC’s National Executive Council lekgotla on Sunday.

“Resolving the energy crisis and putting an end to load shedding is one of our most immediate and pressing challenges,” he added.

As a result of load shedding, companies are reluctant to invest, productivity is dampened, economic growth cannot be sustained, and jobs cannot be created on the necessary scale, said Ramaphosa.

He noted that they have signed agreements with independent power producers for 26 renewable energy projects, which will generate around 2,800 megawatts (MW) of power; they are also negotiating to import 1,000 MW from neighbouring countries.

Some of the power stations which are reaching the end of their lives will be repurposed from coal to renewables, the President added.

ALSO READ-Pope’s Africa trip spotlights conflict, church’s future

Previous Story

Centre bans over 200 Chinese apps

Next Story

India keen on expanding exports to Russia

Latest from AFRICA NEWS

South Sudan imposes nationwide overnight curfew

South Sudanese authorities have imposed a countrywide dusk-to-dawn curfew after a night of violence during which businesses run by Sudanese traders in the capital were looted. Police chief Gen. Abraham Manyuat said

Kenya deploys 217 more personnel to Haiti

Kenya has deployed 217 more police officers to Haiti as part of a multinational force to curb gang violence plaguing the Caribbean nation, Kenya’s interior minister said on Saturday. According to the

Nigeria joins BRICS

Last year, the bloc added Iran, Egypt, Ethiopia and the United Arab Emirates. Saudi Arabia has been invited to join…reports Asian Lite News Nigeria has been admitted as a “partner country” of

US slaps sanctions on Sudanese military chief 

The Treasury Department detailed SAF’s lethal attacks on civilians, including airstrikes on protected infrastructure such as schools, markets, and hospitals….reports Asian Lite News The US Department of Treasury on Thursday imposed sanctions
Go toTop