Many economists, financial pundits and government officials have become too obsessed with minuscule decimal differences in the economic growth of SA’s more than R3-trillion economy. But who should care if the economy grows by the existing consensus expectation of 0.5% in 2019 or by 0.3%, which will be the result if GDP growth is less than 1% in the fourth quarter?

For a country with societal issues stemming from how the economy works, nobody should care about these tiny numerical differences. More important is understanding how the machinery of the economy works through a number of interrelated factors...

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