n IMIESA - Recession is an attitude... but also a reality : editor's comment

Volume 34, Issue 5
  • ISSN : 0257-1978



Citadel's chief investment strategist Dave Mohr recently forecast that South Africa was entering a recession, much to Trevor Manuel's annoyance. He was not as pessimistic. Manuel believes that 2010's FIFA Soccer World Cup infrastructure development, coupled with his 2009 budget allocation of R787 billion over three years for yet more infrastructure development, would protect South Africa, to a large extent, from the negative effects of the global economic downturn.

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