Anti-foreigner violence in South Africa has already hit the mining sector, a mainstay of the domestic economy, and threatens to undermine confidence among international investors, analysts say. Even before the unrest broke out, the outlook for the South African economy was clouded by uncertainty.
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/ 24 January 2008
The government is expected to outline its plans to deal with the country’s electricity crisis on Friday. Minister of Minerals and Energy Buyelwa Sonjica and Public Enterprises Minister Alec Erwin have called a media briefing for Friday on ”plans for electricity generation in South Africa”.
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/ 24 January 2008
Recent power cuts in South Africa have enraged the public, raised questions over future investment in Africa’s biggest economy and increased scepticism in the country’s leaders at a time of political uncertainty. Economists estimate the cost of the power cuts already runs to hundreds of millions of rands.
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/ 23 January 2008
South Africa may struggle to host the 2010 Soccer World Cup because of power cuts, the South African Tourism Services Association (Satsa) said on Wednesday. ”The stadiums may have all the … generators in the world to broadcast the games, but will people come … if they know they will be going back to hotels and guest houses with no power?” asked Satsa.