Statistics SA released a report yesterday showing that South Africa's economy contracted by 0,6% in the third quarter despite the forecast Ramaphoria economists who projected growth, while the country sinks further towards recession.
10 million of people who are capable and willing to work cannot find work, the consequences of neoliberal policies and failure to break the monopoly of key sectors in the economy like communication.
R3 trillion in the current fiscal year, and a debt to gross domestic product, GDP, ratio projected at 60,8%; the consequences of neoliberal policies and failure to build a capable and developmental state.
We have a budget deficit likely to reach 5,9% of the GDP; the consequences of neoliberal policies and failure to deal with illicit financial flows, base erosion and irrational corporate income tax and tax incentive schemes.