'South African government needs to start thinking ahead to beat recession'

This week, South Africans were hit with the sad news that the country is in an economic recession.

Economic analyst Dwaine Van Vuuren says South Africa is the only country that is in a technical recession, which he says is very concerning.

Van Vuuren has done a study of the world's 44 largest economies tracked by the Organisation for Economic Co-operation and Development (OECD) and found that South Africa is at the very bottom of the list in terms of growth.

Read: Is there a plan to get the country out of the recession?

So this is not just a one-off, it is a consistent underperformance, which obviously is quite disappointing.

Dwaine Van Vuuren, Economic analyst

Van Vuuren says we have to start asking questions, whether are we planning ahead for these kind of situations such as when the country was hit by load shedding and drought.

This does not come upon you overnight, there's always a couple of warnings beforehand.

Dwaine Van Vuuren, Economic analyst

I think our administration needs to start realising in a modern economy like ours things like electricity, roads and dams - this stuff needs forward planning.

Dwaine Van Vuuren, Economic analyst

To hear the rest of the conversation with Dwaine Van Vuuren, listen below:


This article first appeared on CapeTalk : 'South African government needs to start thinking ahead to beat recession'


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