×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The condition of the SA economy is “critical but stable”. There are risks of relapse into a persistent underperformance on the horizon. Current medium-term expectations put the economy into sub-2% growth, and without rethinking how to aggressively and efficiently implement reforms, this trend extends into the long term. SA is technically stuck in a low-growth trap for the next decade.

The only brighter side is that economic growth has recovered from one of the worst recessions in multidecades to 4.5%-5% in 2021. However, the size of the economy remains at the same level as it was in March 2016 after the 1.5% (R67bn) contraction in the third quarter of this year. While trading partners and emerging market peers recover, the SA economy crawls and sometimes regresses primarily due to self-inflicted policy inertia.     ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now