National Treasury will have little wiggle room to cut taxpayers any slack in the upcoming budget, and we have load shedding to thank for it, writes Nolwandle Mthombeni.
Our economy is on the brink of a recession, according to the SA Reserve Bank's (SARB) latest growth forecasts. And this is before factoring in any external shocks.
It came as a surprise to many when SARB estimated that load shedding will shave off as much as 2% of economic growth in 2023. The rationale behind this is that load shedding throughout the next 18 months is expected to average at Stage 4 and above.