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

“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

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


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