SA posted its second-largest current-account surplus in history in the first quarter of 2021, as the value of exports surged on the back of a global economic recovery and a stronger rand curbed the price of steadily rising imports.
Even so, economists said risks to the surplus remain as long as load-shedding continues. Though President Cyril Ramaphosa lifted the threshold for companies to produce their own electricity without a licence to 100MW, in a surprise announcement on Thursday, it is unlikely to alleviate Eskom’s power-generating woes for at least the rest of this year...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.