South Africa needs to take action now to save economy – business leaders

As increasing national debt and Covid-19 continue to threaten the South African economy, experts are cautioning the government to take much-needed action.
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With national debt increasing, Covid-19 isn't the only threat to the weakening South African economy. As businesses continue to close down and individuals lose their jobs, experts and captains of industry are worried. Bloomberg reports in this article that with debt surging and the Covid-19 pandemic threatening the deepest economic contraction in almost 90 years, business leaders are warning that President Cyril Ramaphosa's government can no longer procrastinate. They say South Africa faces a choice between loosening the grip of vested interests to embrace radical reform, or risking a sovereign debt crisis and more permanent scars.- Jarryd Neves 

South Africa nears the point of no return

By Antony Sguazzin and Prinesha Naidoo

(Bloomberg) – DCD Wind Towers should have been a South African success story.

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