Ina Opperman
Business Journalist
6 minute read
8 Dec 2021
3:37 pm

GDP decline: how to turn SA’s ship around

Ina Opperman

There are a few things South Africa can do to stop the decline and salvage the sinking economy.

Picture: iStock

South Africa’s gross domestic product (GDP) decline is not surprising and the big question on everyone's lips is how will the country reverse its fortunes? With more repo rate increases and forecast downgrades looming, South Africa needs a plan fast, especially since this is the fourth time during President Cyril Ramaphosa’s term that GDP has decreased, the worst performance ever since 1990. Economist Mike Schűssler says he was not at all surprised by the decrease in GDP as more than one set of indicators indicated that the economy was in decline. “After the riots and unrest in KwaZulu-Natal and Gauteng...