The Intelligence from The Economist Tunnel, no lights: South Africa’s crumbling infrastructure
Jan 27, 2023
John McDermott, The Economist's chief Africa correspondent, discusses South Africa’s failing infrastructure, shedding light on the energy crisis and rampant blackouts affecting daily life and productivity. He reveals how corruption and mismanagement in state-owned enterprises like Eskom and Transnet have led to economic stagnation. Additionally, Anne Rowe reflects on the legacy of Ronald Blythe, a celebrated British rural writer, offering a glimpse into the changing facades of rural life, intertwined with themes of tradition and resilience.
AI Snips
Chapters
Books
Transcript
Episode notes
South Africa's Infrastructure Crisis
- South Africa's crumbling infrastructure, including ports, railways, and the power grid, is struggling due to mismanagement and corruption.
- This is impacting the country's economy and frustrating citizens, who experience frequent blackouts and disruptions.
Transnet's Troubles
- Transnet, South Africa's freight company, plays a critical role in the country's economy but faces significant challenges.
- Corruption, mismanagement, and cable theft have crippled its ability to export goods, resulting in billions of dollars in lost income.
Coal Line Shortfall
- Transnet's coal rail line, once highly profitable, now operates far below capacity.
- This shortfall represents substantial lost revenue for mining companies, exacerbating South Africa's economic woes.
