Economic ‘euthanasia’? SA is heading for ‘fiscal cliff’, warns expert – a look ahead at 2021
‘At the start of 2020, we were over 50% debt to GDP. In the next year, we’re probably going to reach 100% debt to GDP’, says Marius Oosthuizen.
‘At the start of 2020, we were over 50% debt to GDP. In the next year, we’re probably going to reach 100% debt to GDP’, says Marius Oosthuizen.
Marius Oosthuizen unpicks the economic problems weighing heavily on South Africa and explains by way of humour how the ANC are mucking things up.
South Africa has dodged the kleptocratic bullet of state capture and it has yet to shatter the half-full glass of significant post-Zuptoid change.
SA is in a process of being de-captured, slowly, the economy recovering from recession, hopefully, and the nation emerging from the “legacies of apartheid”.
It’s back to the drawing board for government, which has received a bloody nose in court where its nuclear procurement processes were challenged.
What has happened is that the emperor has taken off his ANC garments and his real colours are showing. He is a sly and corrupt tribalist with a penchant for power and shady friends, writes Marius Oosthuizen.