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South Africa: drag from loadshedding set to ease

The intensification of loadshedding has brought growth in South Africa’s economy to a halt this year, but there appears (finally) to be some light at the end of the tunnel. Repairs to existing power plants, independent power projects, and the installation of rooftop solar panels will help to raise generation capacity. Electricity cuts are not going to disappear overnight, but they are likely to inflict less of a drag on the economy and help to support a pick-up in GDP growth in 2024.

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