LOAD shedding may have been worse this year if SA’s economic recovery had been faster, according to Reserve Bank Governor Lesetja Kganyago.
The governor on Wednesday briefed the Standing Committee on Finance on the central bank’s annual report.
He also provided an overview of the economic outlook.
Prior to the pandemic hitting South African shores in early 2020, the economy was already suffering a range of “comorbidities”, Kganyago explained. In spite of harsh lockdown restrictions in place, which restricted economic activity, power utility Eskom implemented load shedding.
The cumulative load shedding for 2020, was more than that experienced in 2019, Kganyago pointed out.
As the economy reopened and entered into recovery mode in 2021, load shedding continues to hit the country, he added.
“You can imagine if the acceleration of the economy was even faster than what we experienced so far, we would have even more significant load shedding,” he
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