South Africa’s plan to revive an economy mired in the longest recession since 1992 will fail unless it deals with structural constraints such as power cuts, central bank Governor Lesetja Kganyago said. A recovery program agreed on earlier this month is banking on the rejuvenation of the energy-intensive mining industry to help counter the devastation wrought on South Africa’s economy by the coronavirus and a lockdown that was imposed to curb its spread.
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