South Africa’s economy is flirting with a recession
Though a recession would hurt sentiment, it could increase pressure on the government to accelerate economic reform
The fourth quarter got off to a weak start last year and this appears to have carried through to the festive season, with the consumer finally buckling under the weight of high interest rates.
According to a Citibank survey, 44% of consumers spent less this festive season than the previous year, due mainly to crimped incomes, while only 30% spent more...
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