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5 Important Things Happening in South Africa Today

  • Ratings firm Moody’s expects load shedding to return and continue in South Africa, which spells bad news for municipalities’ credit ratings, as well as South Africa’s rating overall. In a new report, Moody’s has noted how electricity sales’ contribution to GDP has declined, with the expectation that it will continue to do so because of load shedding. It expects large power users will also migrate off-grid. [Fin24]
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Source: businesstech

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