Economics
South Africa’s Decline Is Worst Among Nations Not at War, Model Shows
- Country’s chances of economic progress hampered by inequality
- Further declines to be expected in coming years, Eunomix Says
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South Africa’s performance on a range of social, economic and governance measures deteriorated more in the past 12 years than any other nation not at war, according to Eunomix Business & Economics Ltd.
The decline is likely to continue as the country wrestles with the consequences of nine years of worsening corruption and policy paralysis under former President Jacob Zuma, the Johannesburg-based political-risk advisory company said. The fragility of the economy may also limit the tenure of his successor Cyril Ramaphosa, who faces his first national election on May 8, it said.