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Sustained rolling blackouts hurt job creation

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The country’s rolling blackouts are affecting levels of unemployment. Photo: iStock
The country’s rolling blackouts are affecting levels of unemployment. Photo: iStock

NEWS

Sustained load shedding could mean that South Africa will create about 200 000 less jobs this year than the estimated 650 000 that the economy could have added without it, PwC says in its latest economic outlook for 2021.

At 32.6% (the narrow definition that excludes discouraged jobseekers), South Africa’s unemployment rate is now the highest in history, Mike Schüssler, economist and adviser at Brenthurst Wealth, pointed out at a Free Market Foundation meeting on Thursday.

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