Radio Islam International - 2018/12/03
Experts have warned that the recent spate of power cuts being experienced across the country will have a detrimental effect on South Africa’s already ‘ailing’ economy.
Power supply company Eskom announced that they need to implement load shedding due to diesel shortages, a backlog in maintenance and low water reservoir levels.
Wits University Economic Lecturer Lumkile Mondi told Radio Islam that the problems facing 'embattled' Eskom is a result of mismanagement at the company during the tenure of former President Jacob Zuma.
“In the period around 2006, 2007 we were experiencing these outages, the economy was growing just under 6% and we had unemployment at about 21.5%, today the economy we expect is to grow by 0.5% while unemployment is at 27.5% and the states financials are in a far poor position due to the state of SOE’s”.
However, Mondi adds that with Public Enterprises Minister Pravin Gordhan trying to usher in good governance on all levels at SOE's and specifically Eskom, there will be light at the end of the tunnel - but the process will take time.
Listen To The Full Interview Below: