It’s time to take the long-term view
The downgrading of South Africa’s sovereign credit rating to sub-investment grade and fears of a second wave of COVID-19 are compounding the country’s pre-pandemic economic problems. These include high unemployment, weakening local manufacture and growing food insecurity.
Our economy has been bleeding jobs for a long time, with the economic growth rate averaging just 2,3% a year over the past 15 years. The slow growth
