“SA's economy continues to shrink under the leadership of Cyril Ramaphosa ... The people of South Africa should know that the direction taken by under Ramaphosa and National Treasury under Tito Mboweni will cause further recession, job losses, shrinking...
The Stats SA report shows that for the full year, the economy secured growth of just 0.2%, down from 2018’s 0.8%. This marks the sixth consecutive year that SA’s economy has grown below 2% and is the lowest level since 2009.
According to the EFF, if Ramaphosa's administration continues on the current trajectory, the country will experience deepened inequality, the unemployment rate will rocket, poverty will worsen and the base from which the state should collect revenue for the provision of basic services would narrow.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Load shedding a culprit in technical recession, says RamaphosaPresident Cyril Ramaphosa cited the combination of poor business and consumer confidence; the lack of production due to load shedding; and a slump in agriculture.
Read more »
Ramaphosa says recession announcement is ‘not a surprise’ - The Mail & GuardianPresident Cyril Ramaphosa said on Tuesday that although the announcement that South Africa has entered a technical recession is bad news, he is not surprised.
Read more »
SA in a recession for the third time since 1994South Africa in a recession for the third time since 1994 as growth slows to 0.2% it's lowest level since 2009.
Read more »
WATCH | EFF pops House of BNG and Moët at Julius Malema's birthday celebration“I think the decision to start life much earlier has been taken by him.”
Read more »
Florence Masebe: The Cyril Ramaphosa administration has decided creatives don't really matterVeteran actress is fuming after President Cyril Ramaphosa 'drags his feet' over performers bill.
Read more »
Agony for crash victims' familiesThe families of the victims of Monday's horror bus crash that claimed 29 lives and left 68 people injured near Centane, Eastern Cape, yesterday began the agonising process of identifying their loved ones
Read more »