Finweek - English

POWERING UP A CONTINENT

south Africans have become unsettlingly familiar with being plunged into darkness at a moment’s notice, but dependable electricity supply isn’t a problem unique to SA.

In March 2019, the World Bank released its Electricity Access in sub-Saharan Africa report, according to which more than 600m people on the continent live without electricity, including more than 80% living in rural areas.

In 2016, only 42.8% of Africa’s population had access to electricity, far less than any other developing region (see Graph 1). Only two countries in the region, Mauritius and Seychelles, have near universal electricity coverage. SA is one of only six countries in Africa that has more than 75% of households connected to power (see Figure 1).

According to the General Household Survey released by Stats SA in May 2019, the percentage of SA households connected to the country’s electricity grid stood at 84.7% in 2018.

These stats by no means lessen the crisis facing SA,

You’re reading a preview, subscribe to read more.

More from Finweek - English

Finweek - English3 min readFinance & Money Management
Is It Worth Risking A Little More?
in fixed income, the potential for returns – in the form of coupon payments and capital gains – is captured by the bond yield (which is the coupon amount or price). A high yield signifies a high potential return. A high potential return generally com
Finweek - English3 min readInvestments & Securities
Seeking Value In Equities Over The Next Decade
many have asked me about prospects for global equity funds during the next decade. Not an easy But as I have previously pointed out, rather more important is the quality of funds that you invest in rather than the singular performance of the overall
Finweek - English1 min readPolitical Ideologies
“I … Apologise For The Pain And The Hurt And The Indignity And The Damage That Apartheid Has Done.”
Germany said at the COP26 climate talks in Glasgow they will give South Africa €700m to help with phasing out the use of coal. The aim is to mobilise $8.5bn with the World Bank and others to promote developing renewable energy sources in the country.

Related