for subscribers

Numbers don’t lie – SA moving backwards under Zuma’s leadership

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

It’s simple economics, if the pie stays the same size and more people want a piece of it, the slices get smaller. Professor Matthew Lester continuously makes reference to South Africa’s ever-expanding population, and if you couple this with stagnant growth rates, citizens are ultimately getting poorer.

But this theory needs to be backed up by numbers and stats, and John Maynard sinks his teeth into the subject. He winds back the clock and compares the economic growth achieved by all South African presidents since 1994.

The numbers may not surprise, especially since Jacob Zuma moved into the big office. Maynard is the pen name of an independent economist who is obsessed by stats. He lets the numbers do the talking in yet another excellent contribution. See more of his work at South African Market Insights. – Stuart Lowman

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.44
(+0.16)
ZAR/GBP
22.74
(+0.41)
ZAR/EUR
20.57
(-0.18)
ZAR/AUD
12.50
(-0.01)
ZAR/JPY
0.16
(+0.59)
Gold
1914.72
(+0.48)
Silver
25.45
(+2.51)
Platinum
928.99
(+0.92)
Brent Crude
44.46
(-1.09)
Palladium
2134.99
(+2.60)
All Share
57417.28
(+0.44)
Top 40
53126.54
(+0.56)
Financial 15
10139.85
(-0.74)
Industrial 25
76210.18
(+0.91)
Resource 10
58992.57
(+0.54)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 976 votes
It depends on how the funds are used.
74% - 6475 votes
No. We should have gotten the loan elsewhere.
15% - 1342 votes
Vote