What is the economic outlook for 2019? Economist says SA not out of the woods

What is the economic outlook for 2019? Economist says SA not out of the woods

- South Africa's economy saw growth at the end of 2018, but that does not mean the economy is as strong as it should be

- According to economist Lumkile Mondi, South Africa needs unity in order to build a stronger economy

- Mondi says the president's recent efforts have not been enough to push the economy into great growth

PAY ATTENTION: Click “See First” under the “Following” tab to see Briefly.co.za News on your News Feed!

2018 was a roller-coaster of a year for South Africa's economy. The country even entered a technical recession at one point, but things did start looking up towards the end of the year.

However, Lumkile Mondi, an economist, is of the opinion that South Africa isn't out of the woods just yet, according to a report be eNCA.

He admits that in the third quarter, South Africa's economy did show growth and move out of the recession situation, but this is an early phase of economic development.

PAY ATTENTION: Save mobile data with FreeBasics: Briefly is now available on the app

According to Mondi, South Africa was economically strong back in 2008, but thanks to poor leadership under Jacob Zuma and corruption, it all went to waste.

Briefly.co.za gathered that Mondi feels that despite the recent efforts of President Ramaphosa, enough momentum to build on has not been gained at all.

He added that South Africa needs unity in order to have a stronger economy.

READ ALSO: 2 incredible women living with HIV who inspired Mzansi in 2018

Enjoyed reading our story? Download BRIEFLY's news app on Google Play now and stay up-to-date with major South African news!

Source: Briefly.co.za

Related news
Load shedding hits Bushiri's church and shuts down service

Load shedding hits Bushiri's church and shuts down service

Load shedding hits Bushiri's church and shuts down service
Briefly.co.za
Mailfire view pixel