Advertisement
UK markets close in 2 hours 32 minutes
  • FTSE 100

    8,160.57
    +39.33 (+0.48%)
     
  • FTSE 250

    20,021.13
    +94.54 (+0.47%)
     
  • AIM

    766.86
    +1.88 (+0.25%)
     
  • GBP/EUR

    1.1693
    +0.0009 (+0.08%)
     
  • GBP/USD

    1.2515
    -0.0009 (-0.07%)
     
  • Bitcoin GBP

    46,856.84
    +636.13 (+1.38%)
     
  • CMC Crypto 200

    1,272.88
    +2.13 (+0.17%)
     
  • S&P 500

    5,018.39
    -17.30 (-0.34%)
     
  • DOW

    37,903.29
    +87.37 (+0.23%)
     
  • CRUDE OIL

    79.30
    +0.30 (+0.38%)
     
  • GOLD FUTURES

    2,311.10
    +0.10 (+0.00%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • HANG SENG

    18,207.13
    +444.10 (+2.50%)
     
  • DAX

    17,964.11
    +31.94 (+0.18%)
     
  • CAC 40

    7,935.50
    -49.43 (-0.62%)
     

South Africa's improved power supply could boost growth -Treasury official

A man walks past electricity pylons as he returns from work in Soweto, outside Johannesburg May 15, 2012. REUTERS/Siphiwe Sibeko (Reuters)

JOHANNESBURG (Reuters) - South Africa's improved electricity supply could add between 0.8 and 1 percentage point of GDP growth, a senior Treasury official said on Friday. "By our estimate we think that our resolution of the constraint could add anything between 0.8 and 1 percentage point to our growth. So that all firms that need energy can have it all the time," Director General Lungisa Fuzile told Reuters on the sidelines of a conference in Johannesburg. Power utility Eskom said earlier in May that it does not expect to implement electricity cuts for the rest of the financial year which started in April. [nL5N1895FJ] (Reporting by Mfuneko Toyana; Writing by Nqobile Dludla; Editing by James Macharia)