At BizNews Conference BNC#8 in Hermanus, Efficient Group chief economist Dawie Roodt delivers a blunt assessment of South Africa’s economy.
Warning that a bloated state, runaway debt, and failing institutions like Eskom are suffocating growth.
While financial markets briefly showed optimism after policy shifts such as a lower inflation target, Roodt argues that structural problems remain severe.
With civil servant wages consuming a huge share of the economy and government debt racing toward 80% of GDP, he says South Africa risks deeper stagnation unless the state is radically reformed.
Watch the video, and make up your own mind.
With very best wishes,
Chris Wilkinson.
