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