Lesetja Kganyago blames state capture for SA’s slow economic growth
South Africa’s economy has been growing slowly over the past few quarters, but many economists, including Finance Minister Enoch Godongwana have stated the pace of growth is not enough to make any meaningful change.
South African Reserve Bank (Sarb) Governor Lesetja Kganyago has answered the question, putting the blame on the state capture fallout, and not macro-policy.
Firms are not pouring their energies into growing their South African business; the ones that are here are treading water, and the others are in places where things work, like Australia, Canada, or Dubai, Kganyago said.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
