Hopes that 2021 would be SA’s big bounce-back year started to waver in early January as horror mounted over the state’s failure to present a cogent vaccine strategy.

Economists started flagging the downside risks to SA’s growth outlook, driven by the absence of vaccines, fiscal sustainability fears, and a resurgence in load-shedding. But some remain optimistic about SA’s growth prospects in 2021. And, crucially, this is irrespective of whether the government makes much progress on the economic reform front...

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