Things are getting worse - but there’s an easy solution – CHRIS HATTINGH and MARTIN VAN STADEN
Discovery CEO Adrian Gore mentioned at the recent Leadership Summit that there is an element of “declinism” -- a pessimism about the state of one’s country -- in South Africa, and that it did not accurately represent the situation facing our country. While Gore might be correct that some things are improving, it cannot be denied that we are on a downward slope, and that if we continue to follow our current trajectory, there won’t be anything left to transform.
Speaking at the Free Market Foundation on 31 October, economist Dawie Roodt laid bare SA’s current fiscal situation and pointed out that, according to the Treasury, our GDP is expected to grow by only about 1.7% in 2019. Compared to emerging economies which invest an average 23% of GDP, SA’s fixed investment percentage is only 19%.
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Publish date: 07 November 2018
The views expressed in the article are the author’s and are not necessarily shared by the members of the Foundation.