EDITORIAL: Fed rate cut puts focus on Bank, but long-term solution lies with government
State needs to take urgent steps to unlock growth and boost SA’s economy rather than look to a sugar rush of lower interest rates
04 March 2020 - 05:05
In the end, the performance of SA’s economy was even worse than the most pessimistic analysts had predicted.
After data showed GDP contracted 0.6% in the third quarter — even that proved optimistic as the revised number came in at minus 0.8% — and Eskom followed up with fresh power cuts in the fourth quarter, it was almost a foregone conclusion that Cyril Ramaphosa would be handed the second recession of his presidency...
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