To appreciate the depth of the mess SA is in today it’s worth travelling back in time to 15 years ago. When you get there you realise, among other things, how oblivious successive ANC administrations have been to the country’s socioeconomic crisis.
In 2007 — the year of the first recurring power cuts — the SA economy notched up a growth rate of 5.1%, slightly lower than 2006’s 5.4% but still above the 5% the economy had achieved for four of the previous eight years of sustained growth...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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