SA has little hope of boosting economic growth through its infrastructure investment drive if it cannot raise domestic savings levels, which hover at near record lows and leave SA a laggard by global and emerging market standards, economists say.
As SA faces an economic contraction that could breach 10% by private-sector estimates, and has precarious state finances characterised by soaring deficit and debt levels, the state wants infrastructure investment to form a linchpin of SA’s recovery plans. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.