Investec Says Sluggish Growth Has Cost South Africa $251 Billion

Investec Says Sluggish Growth Has Cost South Africa $251 Billion

South Africa’s economy is 37% smaller than it would have been had the country tracked its emerging-market peers and sustained annual growth of 4.5% since 2010, a report by Investec Wealth & Investment International said.

South Africa’s Lost Trillions- How Poor Governance and Missed Reforms Crippled the Economy - Commonwealth Union

Africa (Commonwealth Union) _ South Africa’s economy is now 37% lower than what it would have been if it had followed the growth trajectory of its emerging-markets competitors. In a recent report, Investec Wealth & Investment International wrote that if South Africa had maintained a 4.5% growth since 2010, its gross domestic product (GDP) by 2024 would be about R12 trillion, instead of where it stands today at R7.5 trillion. A lot of this poor p…