GDP collapse underscores reform urgency facing Ramaphosa
The economy's unprecedented quarterly decline prompts a statement from the president urging an end to ‘business as usual’
08 September 2020 - 20:41
SA’s economic plight amid the Covid-19 pandemic and national lockdown has been laid bare with its worst quarterly GDP drop on record, adding to the pressure on President Cyril Ramaphosa to push ahead with long-awaited reforms.
The collapse prompted Ramaphosa to issue a statement on Tuesday afternoon outlining the work being done by the state to promote growth, including its promised economic recovery strategy intended to help the country rebound from the crisis...
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