PUBLISHER: Freight News (www.freightnews.co.za)
If ever there was a time that the country’s economy has found itself in a dire position, with unemployment above 40% and Covid’s foot on the country’s throat, it’s now, weeks away from Christmas and New Year.
This morning the Bureau for Economic Research reports that the projected real GDP recovery in the year’s last quarter (Q4), from contraction in the third quarter, was already facing downside risks.
This after the prolonged steel sector strike in October, as well as the sporadic periods of load-shedding that ran into November.