Our Economy’s Sadness & Madness
South Africa’s growth has dropped to 1.4%, far off any target that could make a difference to unemployment and poverty. Inflation is at 5.8% (which is a nonsense low as any shopper knows) and our government is considering giving public servants a 6.8% increase whilst unions are demanding as much as 15%. If our growth is only 1.4%, surely that means that anything more than that makes our economy sink further?
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