The end to regular power outages in South Africa may lead to an upward revision to economic-growth forecasts and help in the fight against inflation, the nation’s central bank said.
South Africa’s has recorded 155 days of sustained electricity supply, bringing an end to record load shedding that crimped economic growth and forced businesses to raise prices to cover the cost of emergency power.
“There’s a growth side and there’s an inflation side; there may be a double whammy, there may be a good story here,” Deputy Governor Rashad Cassim told reporters in Johannesburg on Thursday.
“Let’s hope that for the first time, given the fact that load shedding, or the lack of it post the election, that there will be an upward revision of the forecast and that will be very good for the economy.”
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