For SA’s economy, things will have to get worse before they get better
Even without the disastrous effect of Covid-19 the local economy was floundering in the wake of a toxic blend of mainly self-induced structural flaws
26 January 2021 - 17:30
After recording an horrific 16% contraction in GDP during the second quarter on 2020 (compared to the first), there were tentative signs that the worst might be over for SA.
The number of daily new Covid-19 cases and Covid-19-related deaths had declined significantly, a vaccine roll-out was apparently imminent, and the harshest constraints imposed by the hard lockdown had been removed. By and large, the beleaguered healthcare sector — perhaps unexpectedly — seemed to have coped fairly well with the demands imposed on it. ..
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