South African Economy

South African Economy

Trails and Possibilities

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The South African economy has largely performed below its potential. Although the size of the South African economy has significantly increased since 1994, its performance has lagged behind other comparable economies, and has even been overtaken by Nigeria as the largest economy in Africa. Unemployment, income inequality, and poverty have remained high since 1994. In the past decade, South African economic performance has been so poor that is has resulted in declining per capita incomes.In this study, Vusi Gumede and his co-authors offer a comprehensive analysis of the South African economy si...