OECD urges reforms to address South Africa’s ‘structural’ electricity constraint
Mining Weekly – The Organisation for Economic Cooperation and Development’s (OECD’s) latest economic survey of South Africa urges government to increase private electricity generation and pursue fundamental market reforms to address the country’s growth-sapping “structural” electricity constraint. Flanked by Finance Minister Nhlanhla Nene at the release of the report in Johannesburg, OECD secretary-general Angel Gurría said the current electricity shortage was damaging the South African economy, which the organisation expected to grow by only 1.9% in 2015.
