LETTER: Counting on the good fortune of global events is a bad growth strategy

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LETTER: Counting on the good fortune of global events is a bad growth strategy
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Logistical problems worsened by blockades of the crucial N3 route between Gauteng and KZN, as well as increased load-shedding, will further depress export capabilities

The SA economy and fiscus have benefited immensely from the commodities boom of the last two years .

The country’s trade surplus increased in May. However, the current total of R105.9bn is paltry when compared with the R200.34bn at the same time in 2021. So far year on year imports have grown 29.1% and exports just 8.2%. Continued logistical problems, exacerbated by blockades of the crucial N3 route between Gauteng and KwaZulu-Natal, as well as increased rolling blackouts, will further depress export capabilities.

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