n Farmer’s Weekly - Why so angry, South Africa? : from the editor

Volume 2016, Issue 16022
  • ISSN : 0041-848X



South Africa's economy has stagnated, and by the time you read this, Standard and Poor's may well have downgraded the country's credit rating to junk status, setting the scene for our economy to slip into recession. How do we set the economy on a different course? Dr Martyn Davies, managing director of emerging markets and Africa at Deloitte, suggests that we can start by being a less angry and divided nation.Speaking at a state of the nation breakfast hosted by Deloitte in Johannesburg, Davies said that South Africa would never be internationally competitive "if we are so angry with each other, internally". He said that research showed that three things destroyed wealth in a country - conflict, ideology, and corruption. "Having one of these present is bad, having two is really bad, and if you have all three - it's all over."

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