n Without Prejudice - South Africa : through a telescope : opinion




The contrasting outlook for the country appears to be at an economic watershed, dividing South Africa like the great escarpment. Is South Africa headed toward the "RW Johnson route" - an IMF bailout in the next few years, or, the direction based on government forecasts of economic growth (5.4% pa) within creased employment resulting in a reduction of poverty (the aims of the national development plan 2030)? Based on independent forecasts, and declining levels of confidence, it appears that the former is more likely, albeit not as entirely pessimistic.


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