How do electricity shortages in south africa affect the economy?
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Question: How do electricity shortages in south africa affect the economy?
Electricity shortages in South Africa have a negative impact on the economy, as they disrupt the production and consumption of goods and services. According to a study by the World Bank, power outages reduce the annual GDP growth rate by about 0.1 percentage points, and lower the employment rate by 0.3 percentage points. Electricity shortages also affect the competitiveness and investment attractiveness of the country, as they increase the costs and risks for businesses and households. Moreover, electricity shortages have social and environmental consequences, such as increased use of alternative energy sources that may be more polluting or unsafe, and reduced access to essential services such as health care and education.
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