Rough models show that over R600-billion in GDP could be lost, along with two million jobs. That would mean Covid-19 has a worse impact than the 2008 global recession
Democracy and social welfare may get a boost and blind capitalism may see that it’s unsustainable
Unless the government acts now, we will leave our children with a legacy of scientific colonialism.
South Africa has toppled Nigeria and reclaimed its status as the largest economy in Africa.
The question is: Can those in government work together to claw back an investor-friendly status for South Africa?
Foreign investors pulled R12.8-billion in one week, the biggest outflow since 2008, casting a harsh light on policy direction and the trade deficit.
As SA markets took the day off on heritage day the rand dipped past 14 to the dollar for the second time in four weeks and slipped to an all-time low.
Though gold is still South Africa’s top export, it has slipped from being the world’s biggest producer in 2006 and is now in sixth position.