Johannesburg has taken a big new loan to help fix its electricity problems, but the results will take time
AI Summary
Johannesburg has secured a significant loan from Germany to tackle its longstanding electricity issues, but relief won't be immediate. Despite the financial boost, it's expected that electricity prices will increase faster than inflation, highlighting the city's ongoing struggles. This move underscores the challenges in fixing systemic infrastructure problems, which will likely require long-term investment and strategic reforms to see meaningful results.
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