Head Topics

SA heading for lower-middle-income status by 2028, model shows

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

South Africa Headlines News

SA’s political and economic decline is accelerating and it risks becoming a lower-middle-income nation by 2028, according to a Eunomix Business & Economics model

Workers carry out repairs on machinery at the Eskom's Tutuka coal-fired power station in Mpumalanga on Thursday, November 18 2021. Picture: BLOOMBERG/WALDO SWIEGERS

By 2020, the nation’s per-capita income had plunged to three quarters of the world average and was below that of middle-income peers, Eunomix said. In 2000, income was on par with the global average and twice that of middle-income nations. “This growth collapse is now reaching a point where we are now facing the high probability of an economic collapse,” Claude Baissac, Eunomix’s founder, said in an interview. “We are looking at the beginning of a Greece-like, an Argentina-like, shrinking of the economy.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

No

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SA lockdown | Hospitality industry pleads with SA to vaccinateFedhasa says government should consider all options before implementing further restrictions. I’ve been seeing tweet everywhere and lot of people keep saying reach out for Miss lisamiaBTC and eventually I did and it turned out to be legit, contact Miss lisamiaBTC for advise and support. How do people still believe that vaccines will end lockdowns and restrictions imposed by governments? When will people wake up? How many more years will it take? Unreal. Gibraltar; the most vaccinated region on Earth (100% fully vaccinated, 40% boosted) has now cancelled Christmas due to 'exponential' rise in cases. Are we allowed to admit that the vaccines failed to end the pandemic, yet?
Source: eNCA - 🏆 49. / 51 Read more »

Rassie Erasmus and SA Rugby to appeal against World Rugby verdictSA Rugby and its director of rugby Rassie Erasmus have confirmed that they will appeal against the decisions handed out by World Rugby’s judicial committee against them on Wednesday. Wonder what the apology will look like? ‘Sorry for pointing out 40 odd errors that nearly derailed the entire Lions series’. WorldRugby honestly have made an even bigger mess if the situation. This energy should have been spent sorting out the dire state of officiating in rugby!
Source: TimesLIVE - 🏆 28. / 59 Read more »

SA reacts to Fifa saying it will respond urgently to Safa protest letterDo you think they will call for a replay? They must dock points from Ghana 😅😅😅😅 ..“Mfo kabawo kuna la bafana bakwa Gupta aba funa usizo lwakho. Nceda uba size' No ways, we must just prepare to be supporting other nations during the world cup
Source: TimesLIVE - 🏆 28. / 59 Read more »

Safa convinced Ghana-SA ref influenced by bettingThe SA Football Association (Safa) is convinced it has gathered enough evidence to prove that Bafana Bafana’s 2022 World Cup qualifier match against Ghana on Sunday was fixed.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

New Isuzu MU-X touches down in SASeven-seater SUV arrives with improved power, safety and refinement
Source: BDliveSA - 🏆 12. / 63 Read more »

Citizens complicit in what's going wrong in SAIf a governing party is sure that it will return to power in the next elections, despite its performance, what will motivate it to work hard to deliver the basic services? Nothing. DEMON CYRIL Ramaphosa and the corrupt ANC is wrong for SA.
Source: SowetanLIVE - 🏆 13. / 63 Read more »