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Economist fears 5 years of doom for SA

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Cape Town –  South Africa’s economy is in a “in a bad place” and this trend is likely to continue over the next five years, FNB chief economist Sizwe Nxedlana said on Thursday at the MSCI South Africa Real Estate Investment Conference in Cape Town.

Gross domestic product (GDP) growth between 2015 and 2019 is expected to be the lowest since the Second World War.

“It is critical, however, to appreciate that this weak growth is not only happening in SA. Countries like Brazil and Russia have been in deep recession for a few years,” he said.

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