In the week ending February 28, leading stock markets around the world faced their worst week since the financial crisis of 2008. And things could get worse.
We like to narrate our lives in terms of the challenges we’ve confronted and the setbacks we’ve overcome.
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We like to think there’s a silver lining to tragedy – and this may be influencing both how studies on post-traumatic growth are constructed and how subjects are responding.
South Korea has grown into a rich country with a per capita GDP of nearly US$30,000 in 2017.
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South Africa’s 2018 budget does not go far enough. Perhaps finance minister, Malusi Gigaba was caught up in the euphoria of the widely welcomed state of the nation address by Cyril Ramaphosa.
South Africa’s new president, Cyril Ramaphosa has in his state of the nation speech inspired hope.
Reuters/Ruvan Boshoff
Africa is still witnessing an increase in social turbulence, unrest and protest. Only rapid, inclusive economic growth combined with good governance can make the continent less volatile.
New ANC President Cyril Ramaphosa shortly after hearing he’d been elected to the top job.
EPA/Kim Ludbrook
Brought to its knees by the recklessness of the Zuma presidency, the South African economy needs a new deal. The ANC’s new leader Cyril Ramaphosa needs to act quickly if he’s going to make his mark.
South Africa will be well advised to start preparing itself for an International Monetary Fund programme as the country faces a deepening economic crisis.