The decline is likely to continue as the country wrestles with the consequences of nine years of worsening corruption and policy paralysis under former President Jacob Zuma, the Johannesburg-based political-risk advisory company said.The fragility of the economy may also limit the tenure of his successor Cyril Ramaphosa, who faces his first national election May 8, it said.
An index of security, governance, prosperity and welfare indicators shows South Africa slumped to 88th out of 178 nations in 2018 from 31st in 2006, according to an analysis of the country’s prospects by Eunomix. The company advises some of the biggest mining companies operating in the country.
“Economic policy serves narrow interests, thus generating insufficient and unfairly allocated growth,” Eunomix said. “Populism, rather than developmentalism is an easy temptation, with the economy a tug-of-war between mutually distrustful groups.”While Ramaphosa spent his first 14 months in power pledging a crackdown on corruption, an end to policy uncertainty and a drive to reform loss-making state-owned companies, his political weakness will hinder or thwart progress, the company said.
Fin24 Courtesy of the ANC.🖕
Fin24 Oh I have no doubt , with a government that loots at will , what do we expect ?
Fin24 We are at war, land thieves vs land owners
Fin24 STRATCOM
Fin24 thank you Bell Pottinger and the ANC
Fin24 Proudly brought to you by MYANC and EFFSouthAfrica !! Well done!! The next failed African State!!'
Fin24 Proudly brought to you by our cANCer
Fin24 Well our murder rate is higher than some nations at war, so why should we be surprised?
Fin24 This is shit,this is a agenda to discredit every good job done by president PresJGZuma
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