South Africa’s economic outlook
Speaking to Business Day TV’s Michael Avery, CDE’s Ann Bernstein discussed ratings agencies’ reaction towards South Africa’s economic outlook, as well as the President’s recovery plan to a new path of faster growth and employment creation. “We have got to be very honest about what got us into this really horrific situation when you look at the fiscal crisis, youth unemployment situation, lack of growth, expanding expenditure and social crisis now. We need much greater honesty on why we are in such trouble,” she added.