South Africa’s Power Crisis Cost $155 Billion in 2023
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LN24 / 8 months
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- 9 min read
South Africa’s economy took a brutal $155 billion hit in 2023 as Eskom’s rolling blackouts, euphemistically called “load shedding”, wreaked havoc on businesses, households, and industry. R2.8 trillion lost in a single year. That’s more than the country’s entire health and education budgets combined. But something changed in 2024. Suddenly, 300 consecutive days without blackouts. […]