SA recession risk rises; SAA close to collapse; Zim starvation crisis; PIC demands Steinhoff reports

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- biznews.com | a week ago

SA is staring down a recession, says Bloomberg.

South Africa’s economy contracted for a second quarter this year and the economy hasn’t expanded at more than 2% annually since 2013. Treasury forecasts show growth will remain below that threshold until at least 2022.

With pledges to boost economic growth to as much as 5% by 2023, President Cyril Ramaphosa couldn’t have had a more difficult start to his presidency.

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