SA edging up to ‘death spiral’, says Allan Gray’s Duncan Artus
An appeal to the International Monetary Fund to bail out the country is looking inevitable
Duncan Artus, the new chief investment officer at Allan Gray, one of SA's largest asset management firms, says every day that the government fails to implement critical reforms, the country moves closer to an inescapable downward spiral.
"We're getting closer to that death spiral all the time."..