This is a price increase far above inflation, which is currently at 4.4%. If the hike is approved it will certainly worsen the economic difficulties facing South Africa. One of the most unequal countries in the world, South Africa has an extremely high unemployment rate – 33.5%at the last count. But it’s not yet clear if these changes will address the issue of exorbitant electricity price rises. This means South Africa is also far from attaining its 2015 Paris Agreement greenhouse gas reduction goals.

Source: The North Africa Journal October 16, 2024 21:50 UTC