They are all certain that the long-anticipated recession will finally land.Crystal balls can be risky. In 2019, everyone was anticipating a 'twenty-plenty', and after the Covid-19 pandemic ravaged the world, many economists, fortune tellers, and probably even sangomas predicted a better 2021.
But 2021 didn't return the world economy and companies' earnings to pre-pandemic levels, and naturally, 2022 was supposed to be a better year. Then the Russia-Ukraine war happened, there was runaway record global inflation, and in South Africa, Eskom delivered record load shedding.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.