CLAIRE BISSEKER: Things are bad but economy and fiscus are not collapsing
There is still reason to check our cynicism about the country’s prospects
29 November 2022 - 05:00
The worst doom merchants say the SA economy is collapsing and is just a few years away from a debt crisis as the energy and transport infrastructure crumbles, growth slows and the wealthy emigrate.
I don’t agree. There’s no denying that Eskom seems to be crash-landing, while Transnet is in denial that it is going the same way. There is also no doubt that SA’s growth momentum is slowing, mainly because of these big logistical constraints coupled with sticky inflation, the waning commodity boom and recessionary global conditions...
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