News Formal

Maybe this straight-talking indaba between business and the president can galvanise the government

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 59%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

South Africa is facing an unprecedented economic crisis — the longest economic downswing since 1945. We had an average economic growth rate of 1.5% over the past decade, compared to more than 4% in other emerging economies. Government debt ballooned from 26% of GDP in 2008 to 56% in 2019.

Alongside this, unemployment has risen to almost 30% , and we are sitting on a powder keg of unemployed youth with little or no future.

As if this is not enough, we are also facing a real prospect of a sovereign rating downgrade that could exacerbate these conditions...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day, Financial Mail or Rand Daily Mail websites? Sign in with the same details.

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:

 /  🏆 28. in UK
 

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

😂😂😂😂😂😂😂Is Times live a news paper or a comic strip.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Tributes pour in for actor Sibusiso Radebe - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%Tributes are pouring in for former Backstage actor and YoTV presenter Sibusiso Radebe who died Friday morning following a long battle with cancer.% Rest in peace Bhungane💔
Source: SABC News Online - 🏆 32. / 51 Read more »

Hate speech case opened against KZN businessman - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%The Speaker of the City of Mhlathuze in KwaZulu-Natal, Slondile Mkhize has opened a case of hate speech against a Richards Bay business man.%
Source: SABC News Online - 🏆 32. / 51 Read more »