South Africa’s economy shrank more than expected at the end of 2022 after being battered by rolling blackouts imposed by the Eskom electricity monopoly.
Fourth-quarter activity in Africa’s most industrialised nation fell 1.3 per cent, from the previous three months, a period when breakdowns at Eskom coal plants forced power cuts almost every day, statistics released on Tuesday revealed.
The outages, which have since intensified, led President Cyril Ramaphosa to declare a state of disaster and, on Monday, appoint Kgosientsho Ramokgopa as electricity minister to tackle the crisis.
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