×

We've got news for you.

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

The ANC and the DA on Wednesday sparred in Parliament over the recession and who is to blame for it, with the official opposition pointing fingers at the governing party. SA slid into a recession after GDP contracted 0.7% in the second quarter. This was after a first quarter 2.2% decline was revised upwards to 2.6%. Economic development minister Ebrahim Patel said the DA was laying the ground for its election campaign and was using the recession to score political points. "It does not help to darken the cyclical economic story to make it much worse simply for short-term political gain," Patel said. He said the "policy-divided" DA was using the recession to unite itself before the elections. In doing so the party ran the danger of trading in "hysterical rhetoric", he said. Patel stressed that while the economy was in a fragile state not all sectors were in freefall. "In SA the recession should be of relatively short duration compared to many other countries. It follows the second-lon...

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

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.