While the term ‘polycrisis’ has quickly become a buzzword in global economies, the convergence of different crises in South Africa is nothing short of remarkable, says consultancy, PwC.
These are wide-ranging issues that are rapidly reshaping the business environment. In a South African context, however, they also exacerbate other entrenched issues. The group forecasts that South Africa’s economy will grow by about 0.6% in 2023, currently placing its projections ahead of the South African Reserve Bank and the International Monetary Fund , but below National Treasury .
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