Covid-19 Business Watch
WATCH: The gross domestic problem
Michael Avery talks to a panel about what the latest GDP figures tell us about SA’s economic outlook and business confidence
12 March 2021 - 15:57
We counted the costs of one of the severest lockdowns anywhere on earth, this week. It’s the cost, too, of corruption and mismanagement of the economy.
It can be counted in the GDP decline of 7% for the year. It can be counted in the student protests for free education when the cupboard is bare. It can be counted in the brutal police response and the way this tragedy has been seized upon opportunistically by the secretary-general of the governing party facing a corruption trial. It can be counted in the fact that GDP per capita has been declining since 2014, way before Covid-19. ..
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