Economic growth, from which all things flow, is all SA needs
Ideal long-term growth would be about 7%, a level that has globally and empirically demonstrated able to extricating generations out of poverty
In the aftermath of a brilliantly focused and thankfully short inaugural speech, and the spectacular SA Air Force display, it is worth noting that President Cyril Ramaphosa is inheriting an economy that grew at a paltry 0.8% in 2018. Add to that mix the International Monetary Fund’s (IMF) projection of a generally weak global economic expansion and the picture becomes as clear as mud.
It is in this context that the newly mandated administration of Ramaphosa must shoulder the burden of previously dashed hopes of millions of South Africans for an economy that can lift many out of poverty while affording others the opportunities to realise their entrepreneurial and career dreams...
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.