Even before Covid-19, the SA economy found itself in recession, with the official unemployment rate exceeding 29% and economic growth all but disappearing. Then the pandemic hit, probably shrinking the size of the economy by more than 5% and pushing unemployment up yet further.

South Africans and foreign investors alike might therefore be excused for holding a junk-status view of SA as a country of dilapidated infrastructure; an insolvent state with state-owned entities and junk credit ratings; and now, to top it off, the economic impact of Covid-19...

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