Dependable power supply will boost investment - economist
The action plan to end load shedding that was announced by President Cyril Ramaphosa could bear some fruit.
That's according to economic analyst Waldo Krugell.
While he believes the plan to be realistic, he questions how it will be implemented, as these plans were not mentioned in detail by Ramaphosa during his recent address.
The action plan that was outlined includes enabling private investment in energy generation.
READ: Busa 'encouraged' by Ramaphosa’s energy plans
Krugell explains that the outcome of private investment will give a boost to the country's economy.
"Those actions that they hope to take and are planning to take should mean a significant boost in the electricity sector broadly. But also catalyse other investments into other sectors.
"Most sectors need dependable electricity supply, so if we can get closer to that we will see a boost in investment throughout the economy."
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