South Africa is teetering on the brink of recession - if it is n’t already in one - according to ex - consulting economist for FNB , Cees ##bury . Big business , such as mining and agriculture , as well as the manufacturing , manufacturing , communication , tourism and retail sectors , are all struggling , while inflation , high taxes , and food prices have combined to push South Africa ’s economy to the limit . The IMF and the World economy have predicted growth to be between 0.7 % and 0.6 % , and Bruggemans suggests hope for the economy lies in “ averting labour strife and producing more electricity . ”
South Africa is teetering on the brink of recession - if it isn’t already in one - according to ex-consulting economist for FNB, Cees Bruggemans. Big business, such as mining and agriculture, as well as the manufacturing, building, communication, transport and retail sectors, are all struggling, while unemployment, high taxes, and food prices have combined to push South Africa’s economy to the limit. The IMF and the World Bank have predicted growth to be between 0.7% and 0.6%, and Bruggemans suggests hope for the economy lies in “averting labour strife and producing more electricity.”