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SA Tax Free : Online
Featuring Coreen van der Merwe, managing director at Sovereign Trust SA
Under a different political and economic climate, South Africa’s exit from its technical recession should have, and perhaps would have, been received with a tinge of hope and glimmer of renewed optimism.
Instead, the news came and went in what seemed to be a genuine non-event against the backdrop of corruption scandals and political infighting. It did little to quell investors’ appetite for international exposure that is increasing amidst a backdrop of record unemployment, public debt of R2-trillion and government expenditure that exceeds GDP.
SA simply cannot afford any further shocks to the economy, but there are many risks.
Read the full article here.