By 
Economists can’t pin down what the impact of load-shedding on the economy will be in future as it depends on a host of variables
25 January 2023 – 20:42 Hilary Joffe
When Bank of America (BoA) Securities asked SA fund managers recently how long it would take for load-shedding to end, the average estimate was 5.5 years. About 12% of them said “never”.
Admittedly, the exact wording in BoA’s quarterly fund manager survey was “When will renewable and self-generation projects eliminate Eskom’s load-shedding?”, which is a slightly different question. But the responses reflect the extent to which financial markets and economists had already factored in Eskom chair Mpho Makwana’s two to three years of permanent load-shedding even before he rather rashly promised this last week…
Comments