Energy crisis must be addressed swiftly - Ramaphosa

President Cyril Ramaphosa has lifted the threshold for companies to produce their own electricity without a licence, to 100 megawatts. #eNCA's Devan Murugan has the details. #DStv403

JOHANNESBURG - President Cyril Ramaphosa says the energy crisis must be addressed swiftly to revive the economy.

The country saw Stage four blackouts implemented on Wednesday while Stage 3 power cuts continue on Thursday.

"As a country, our challenges predate the pandemic," he said.

READ: WATCH | Soweto residents protest outside Eskom headquarters

"We have experienced low economic growth and high levels of unemployment for many years," he added.

Ramaphosa says this is due to structural constraints that hold the country's economy back.

"There's no doubt that the prospect of continued energy shortfall and further load shedding presents a massive risk to our economy," says Ramaphosa.

Watch the video above for more details on this story.

Economist, Dr Iraj Abedian, gives #eNCA more reaction to President Cyril Ramaphosa's efforts to revive the economy amid the coronavirus pandemic. #DStv403

Source
eNCA

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