WATCH: Can a recession be averted?
Our economy is on the brink of a recession. President Cyril Ramaphosa hopes to stimulate the economy with a stimulus plan of about R43bn, which will come from existing budgetary resources and new investments. This plan is set to inform finance minister Nhlanhla Nene’s medium-term budget policy statement in October. Efficient Group chief economist Dawie Roodt joined Business Day TV to discuss the stimulus plan.
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