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Today’s R&D provides resources on the South African economy. Like other BRICS nations, South Africa’s economy is underperforming, registering an average of 1.8% GDP growth since 2008. The economy contracted 1.3% in the second quarter of this year and demands for employment are pushing the African National Congress (ANC) in a more leftist direction. Critics of the ANC government say that it needs to bolster infrastructure spending and warn that solutions that call for nationalizing properties could prove counterproductive.
South Africa has more than 700 state-owned firms. They are dragging down the wider economy http://t.co/mcUXg4Fc1K pic.twitter.com/2Vk2zIazkZ
— The Economist (@TheEconomist) August 31, 2015
These five priorities could help stabilize South Africa’s economy. http://t.co/y1VsSxSetZ pic.twitter.com/asrMXhLWoB
— Ventures Africa (@VenturesAfrica) September 7, 2015
5 sectors that could help stabilise #SouthAfrica‘s economy http://t.co/Ts8UejtTn2 #economics pic.twitter.com/6CSuR4mZM4
— World Economic Forum (@wef) September 4, 2015