Streaming issues? Report here
jazz-sessions-on-capetalkpng
Jazz Sessions on CapeTalk Classics
17:00 - 19:00
volume_up
volume_mute

Up Next: SportsTalk with Buhle Madulini
See full line-up
Jazz Sessions on CapeTalk Classics
17:00 - 19:00
Home
arrow_forward
Business

The economy is growing! That’s why we’re out of electricity - David Mabuza

28 February 2019 7:15 PM
Tags:
Eskom
Electricity
The Money Show
Azar Jammine
Bruce Whitfield
David Mabuza
Econometrix
Economist Azar Jammine
Is South Africa’s growth the reason for the electricity shortages? Bruce Whitfield interviews economist Dr Azar Jammine.

“The shortage of electricity is a sign of growth,” Deputy President David Mabuza told Parliament on Wednesday.

Members of Parliament (MPs) responded with laughter to Mabuza’s statement.

The Money Show’s Bruce Whitfield asked Dr Azar Jammine (Chief Economist at Econometrix) if South Africa’s growth could be the reason for the electricity shortages.

Listen to the interview in the audio below (and scroll down for quotes from it).

The number of people to whom electricity is being distributed has increased by about 2 million people… That is not to say that the consumption of electricity has increased…

Dr Azar Jammine, Chief Economist - Econometrix

Production of electricity has not increased in the past decade, but the number of Eskom employees has increased by 50%...

Dr Azar Jammine, Chief Economist - Econometrix

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : The economy is growing! That’s why we’re out of electricity - David Mabuza


28 February 2019 7:15 PM
Tags:
Eskom
Electricity
The Money Show
Azar Jammine
Bruce Whitfield
David Mabuza
Econometrix
Economist Azar Jammine

More from Business

ramaphosa-gordhan-mantashe-eskom-meeting-khusela-diko-tweetjpg

Eskom saboteurs are the empty suits that are running SA - Sikonathi Mantshantsha

13 December 2019 2:05 PM

The Daily Maverick's Sikonathi Mantshantsha says government leadership is truly to blame for the current Eskom mess.

Share this:
Read More arrow_forward

Lana Marks United States Ambassador to South Africa

Donald Trump’s new SA ambassador Lana Marks talks trade, rugby and impeachment

13 December 2019 10:37 AM

Refilwe Moloto interviews Marks on her first visit to Cape Town since taking up her new role.

Share this:
Read More arrow_forward

sarb-bank-notesjpeg

Reserve Bank Governer: Our task is not to bail out Eskom or any SOEs

13 December 2019 8:37 AM

Sarb Governor Lesetja Kganyago highlights responsibilities of Reserve Bank and why interest rates are a tool not policy objective.

Share this:
Read More arrow_forward

debt-managementjpeg

How to know if your finances are on track after a lousy year

12 December 2019 8:05 PM

How do you measure if you are financially on track after a lousy year?

Share this:
Read More arrow_forward

190918saudijpg

Aramco is now the world's largest listed company

12 December 2019 7:23 PM

This massive state oil producer is now the world's first $2 trillion company.

Share this:
Read More arrow_forward

Solar

How this CEO is putting surplus power back into the Eskom grid

12 December 2019 7:19 PM

Is there an option for mass solar supply to South Africa in the near future? This entrepreneur thinks so.

Share this:
Read More arrow_forward

Solar and wind solutions

Eskom: Some solutions right now

12 December 2019 6:31 PM

What are the immediate and existing solutions to Eskom's generation issues?

Share this:
Read More arrow_forward

81a3255d-f359-4d9d-99ef-4b30a09cca2e.jpg

Why we can't place all our SOEs under business rescue

12 December 2019 5:43 PM

Should we use business rescue to save all our parastatals? Specialist attorney Gareth Cremen explains why that's not a good idea.

Share this:
Read More arrow_forward

Sabotage pliers cable cutting

'I trust my members. It’s not in their capacity to sabotage Eskom'

12 December 2019 1:13 PM

"We don’t trust those engineers at Eskom. We don’t trust management and we don’t trust the board," says Joseph Montisetse (NUM).

Share this:
Read More arrow_forward

a831fb5f-2667-445f-b98a-91d01c9ca404.jpg

Task team plans to alleviate Cape Town port congestion

12 December 2019 1:11 PM

A task team has been created to deal with issues at the Cape Town port, from a shortage of cranes to heavy traffic flows.

Share this:
Read More arrow_forward