Private sector investment uncertainty leads to economic decline in SA

According to a business expert, the uncertainty that surrounds some of South Africa's policies are preventing investors from stepping up and investing. SA suffered an economic decline of 3.2% in the first quarter of the year.

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Stats SA announced that the South African economy has shown a decline of 3.2% in the first quarter of the year.

It is described as the biggest contraction in such a time frame in a decade, according to eNCA.

According to a business expert, the problem lies with the uncertainty in some of the country's policies.

This is leading to a lack of investment from the private sector.

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Briefly.co.za gathered that Marius Oosthuizen from the Gordon Institute of Business Science said SA is in its 10th year of 'stagnation'.

"On the back on policy uncertainty and mismanagement on the economy, we are going to continue seeing the lack of growth unless we have a rapid investment in the economy."

Check out more on this problem in this video:

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Source: Briefly News