The job of rebuilding confidence in the SA story has become more difficult for the sixth administration, despite positive steps taken on certain reforms this year. Nonetheless, the 100 MW licence exemption is a key move, says Busi Mavuso.
Despite a return of load shedding over the first half of this year and even stricter Covid-19 lockdown restrictions in July, our economic rebound from the devastation of last year’s hard lockdown seemed assured. Business conditions had improved significantly as most industries were finding their feet after the devastation caused by the Great Lockdown.
That was all until the July protests, a week in which R50 billion was wiped off the country’s GDP as looting and fires flared in parts of KwaZulu-Natal and Gauteng.