Urgent confidence recovery vital for SA to avoid deep structural decline
In the absence of a material recovery in business, investor and consumer confidence, South Africa is at risk of getting trapped in a protracted period of weak economic growth and further social and fiscal pressures. This is according to Old Mutual Investment Group Economic Strategist, Rian Le Roux, who points to the IMF’s recent call for government to, as a short term priority, reassure businesspeople and consumers over the future direction of policies.