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SA's tired economy 'cannot take more Gordhangate knocks'

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Cape Town - It is important to understand that South Africa's "tired economy", where things are really tough, really cannot take any more knocks like that seen in the latest events regarding Finance Minister Pravin Gordhan and the National Prosecuting Authority (NPA), Mike Schüssler, chief economist at Economists dotcoza, told Fin24 on Wednesday.

"At this point in time the SA economy is basically a patient in hospital. It may have been on its way out of the high care ward, but the summons issued for the minister of finance may just send the economy into ICU," warned Schüssler.

"We are concerned about the SA economy and the latest Gordhan/NPA issue was really bad timing. I don't think the Hawks have an inkling of economic responsibility on their minds. I think it is a one track minded prosecution in every sense of the word - at the expense of the economic well-being of South Africans."

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