The Africa Pulse report produced by the World Bank, says the low business confidence that’s holding back investment, has largely been driven by the slow pace of structural reforms. As a result, SA’s economy will struggle to grow in line with the rest of sub-Saharan Africa as business confidence remains in the doldrums.
Economists say the impact of power cuts on growth, already seen in the first quarter data, show a fall in manufacturing output and a lower purchasing managers index. Can structural reforms help South Africa’s economic recovery plans? To answer this is Professor Patric Bond who joins us to discuss South Africa’s economic woes.
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