Over the last 20 years, the growing global economy has allowed manufacturers to enter new markets to serve an increasingly global customer base while also shortening supply chains and reducing cost structures.
Global Economy, Economic Environment, Energy, Money & Finance, GDP
The impact of the load-shedding crisis of 2008 is still being felt in South Africa. The cost to the economy of the blackouts that rolled across the country for three months is estimated at R50 billion ($6.5 billion). Under the combined weight of global recession and the self-inflicted wound of massive power cuts, GDP growth slipped to 2.1% in the first quarter of 2008 and ended the year below 4% for the first time in five years.