Economic reform likely on hold until after election – Citadel economist
South African consumers face enormous headwinds in the form of a stubbornly high unemployment rate, VAT at 15% and interest rates on their way up, Maarten Ackerman, chief economist and advisory partner at Citadel said on Monday.
“SA is exiting a technical recession and growth for 2018 will be muted,” said Ackerman in a statement.
“But at the same time, we have a new political administration that is slowly making headway in turning the economy around.”
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