Rescuing and reforming SA’s economy is DA's primary focus, says Maimane | IOL News

Johannesburg - The perilous state of the South African economy is the single biggest threat to the country’s future, Democratic Alliance leader Mmusi Maimane said on Saturday.

"There exists a tangible mood of fear throughout the country, with the vast majority of South Africans lacking hope in the future. Discontentment with the current downward spiral is fast producing fertile soil for mass rebellion. The reality is that change will come, whether by the ballot or other means. We have no more time to kick the can down the road. We need immediate action."

"In terms of growth, the South African Reserve Bank has forecast growth for 2019 at a meagre 0.6 percent - the worst since 2016. Last year, South Africa experienced its first recession in over a decade – with two consecutive quarters of negative growth. We also saw the economy contracting by 3.2 percent during the first months of this year – the biggest decline in a decade. It appears we may just narrowly avoid another recession in 2019.

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