Some light amid the gloom
Last week South African heads were bowed in shame and sadness as we once again confronted the spectre of senseless violence and lawlessness. However, there was a little bit of good news in that economic growth surprised on the upside in the second quarter. Given that many of our social ills (but by no means all) stem from poverty and unemployment, a healthy economy is important. While the outlook for the next year or so is not exactly rosy, things aren’t getting worse.