SA’s economy has been suffering fundamental deterioration since the beginning of the Zuma administration in 2009 and has actually been in recession since 2015 when measured by the decline in income per capita.

In recognition of this trend, the country’s sovereign risk credit rating has been downgraded by four steps during this period, to junk status. SA’s problems are now compounded by the coronavirus lockdown, which will certainly flatten the economy, even if it does not flatten the infection curve...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now