In an address on Thursday, President Ramaphosa announced an amendment to schedule two of the Electricity Regulation Act, which would mimimise the red tape for independent power producers.
The initiative will clear the way by identifying and resolving the causes of delays in network industries 15 February 2021 - 14:31 David Masondo Graphic: DOROTHY KGOSI
Poor aggregate demand is not the only reason for SA’s poor economic growth performance. The supply of electricity, telecommunications, water, skills and transport of goods and people have been key strategic constraints on economic growth.
Addressing these requires structural reforms of network industries to unleash the growth potential, thus setting the material basis for employment and tax revenue. These reforms are meant to reduce the cost of doing business and living, which will make SA globally competitive and increase the rate of investment.
CYRIL RAMAPHOSA: We need to work together to rebuild and transform our economy
Dear Fellow South African,
Welcome to my first weekly letter for 2021.
The first two weeks of the year have been difficult for all South Africans. The coronavirus pandemic has gotten worse, with new infections increasing far faster and far higher than before. Hospitals have been under great strain as more people have needed medical attention.
While most economic sectors have been able to operate again for several months, it will take some time for the economy to recover and for lost jobs to be restored. As the new year starts, many families are still feeling the effects of the pandemic on their lives and livelihoods.