DUMA GQUBULE: Brace yourselves for a bumpy ride out of the economic crossroads
Austerity doesn’t bode well for GDP — but nor does the status quo
On Wednesday, finance minister Tito Mboweni will deliver the most important medium-term budget policy statement in post-apartheid history. He is expected to also release a revised economic growth strategy and a plan to tackle Eskom’s debt.
After five consecutive years of declining GDP per capita — the IMF has forecast another decline during 2020 — the economy is at a crossroads.