Econsult paints gloomy economic picture
Friday, October 30, 2015
The firm stated in its economic review of the third quarter of 2015 that the situation goes deeper than the current depression in commodity markets.
According to Econsult, this reflects a number of longer-term problems such as unreliable supply of water and electricity.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...