In reality, South Africa has not experienced a major recovery and not made much progress in instituting the reforms that would make this possible.
South Africa continues to slide down rankings of economic freedom, with the country’s overall score now at a record low.
Economist, and senior analyst at the Centre for Risk Analysis, Bheki Mahlobo said three key factors to track are energy prices, global supply chain pressures, and food prices.
There are few similarities between the US state of California and South Africa, but one thing these territories have in common is their hostility to business.
Covid-19 may have had a considerable impact on livelihoods and income levels in South Africa, but it is not the sole culprit for the decline in living standards.
Gareth and Phumi are joined by Assistant Editor for Breaking News at News24, Sheldon Morais, and the new CEO of the Institute of Race Relations (IRR), John Endres. They have a discussion about the State Capture report, the global inflation and interest rate environment, and Cyril Ramphosa being a mediocre president.
Yet another set of experts have flagged our current political situation – and the threat of South Africa becoming a failed state looms large.
Economists and business warned that the latest increase by the South African Reserve Bank (SARB) would have dire consequences for consumers who were already struggling with high petrol, electricity and grocery prices..