The SA economy could have been up to 30% or R1-trillion larger and created 2.5-million more jobs had the country kept pace with other emerging markets and Sub-Saharan African economies over the past decade. The government could also have collected R1-trillion more in tax had the economy performed closer to that of its peers and had tax collection remained efficient. These are the key findings of a Bureau for Economic Research (BER) research paper, "Ten Years After the Lehman collapse: SA’s Post-crisis Performance in Perspective", by BER economist Harri Kemp. He sets out to determine what could have happened had the Zuma years not robbed the economy of its potential. His estimates for what might have been had SA’s economic growth path simply reverted, after 2010, to pre-crisis trends provide a ballpark measure of a lost decade’s economic costs. The results are staggering, especially as the numbers don’t include the direct cost of the maladministration, corruption and policy missteps ...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

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

Speech Bubbles

Please read our Comment Policy before commenting.