BUSI MAVUSO: Government needs to pull out all the stops to escape low-growth trap
Convincing Moody’s that economic changes are being made will be a Herculean task
05 December 2019 - 14:21
SA has a growth problem. The latest example was encapsulated in this week’s third-quarter GDP figures: the economy contracted 0.6% from the previous quarter and 0.1% year on year.
The GDP numbers should prove a reality check after the buoyant political responses to second-quarter growth of 3.1%. That was off a low base and represented a return to normal after the disastrous first three months of the year, which were marked by a surprise return of load-shedding...
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