Bloomberg Businessweek

South Africa Needs a New Direction

Unless something changes, it’s on the fast track to economic disaster

The International Monetary Fund has pointed out that “South Africa’s vulnerabilities have become more pronounced.” That’s one way of putting it. A potentially prosperous and dynamic economy is on the fast track to ruin. Altering its course will take real political reform.

Unemployment has risen 5 percentage points since 2008, to 28

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