GROWTH PROSPECTS DWINDLES IN SOUTH AFRICA

GROWTH PROSPECTS DWINDLES IN SOUTH AFRICA

Economic growth in South Africa looks set to remain behind the rate of population growth for four years ending in 2018, ensuring that more people will be poor. As things stand 40 percent of South Africans are chronically poor and a further 40 percent are what economists call the temporally poor, sometimes getting their heads above water only to sink again as seasonal or part-time jobs dry up. That means only one in five South Africans…

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