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Investec warns of energy sector’s negative impact on output, GDP growth
Eskom’s declining energy availability factor (EAF) is expected to have a negative impact on the country’s industrial output for the fourth quarter of 2019, as well as gross domestic product growth (GDP) for the fourth quarter of 2019 and the first quarter of this year, warns financial services company Investec. Electricity production contracted by 2.8% year-on-year in November 2019, while Eskom’s EAF decreased to 65.8%.
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