Michel Pireu Columnist

SA is facing its fair share of challenges. The country had one of the longest and hardest lockdowns globally. There will be an economic price to pay. Unemployment reached 30%. GDP is expected to contract at least 7.2% in 2020. The budget deficit is expected to reach -15% and gross national debt to GDP is expected to increase from 66% to 82% in 2020/2021.

Open the news, and the headlines will shout corruption, the government’s failure to deliver basic services, failing state-owned enterprises, and violence.

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