Finance minister Enoch Godongwana hit South Africans with more bad news in his medium-term budget policy statement (MTBPS) at the beginning of the month. The minister indicated how long-standing structural constraints continue to limit economic performance.

In the past few years, freight rail capacity and throughput have declined, constraining growth and exports, while large-scale and prolonged power cuts have plagued mines, factories, farms and households. Despite a recent improvement, private sector investment growth has declined over the past decade...

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