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Archive for September 13th, 2017

SA is teetering on the brink of a political and fiscal cliff. How did we end up in this mess?

Few countries in transition have managed to get a grip on their public finances as well as South Africa did after 1994.

Now, just more than twenty years later, the nation’s credibility and the democratic project lie in tatters as we teeter on the brink of a political and fiscal cliff. Business confidence and investment have evaporated along with clean, accountable government, causing South Africa to be downgraded to junk status, crushing the country’s growth potential and pushing it towards a debt trap.

How did we land up in this mess, and can we pull back from the brink?

Claire Bisseker, the award-winning economics editor of the Financial Mail, unpacks the crisis in this accessible and highly readable guide to what makes our economy tick. Claire has won the prestigious Sanlam Financial Journalist of the Year Award twice, and the award for the economics category five times. Her passion for economics was ignited by the then University if Natal, where she was taught by Harvard economist Robert Klitgaard. Bisseker lives with her husband and three daughters in Franschhoek. She is an avid hiker and kloofer.

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