The Big Read: Time is not on our side as we near the economic junkyard

10 December 2015 - 02:12
By Tony Leon

South Africa, as it ends 2015, a year we would probably rather forget, faces an economic crisis as serious as the political train wreck of 30 years ago, in 1985. Then President PW Botha famously never crossed the Rubicon River to full-throttled democracy, despite having promised to do so. Instead, he unleashed the dogs of war on neighbouring countries, imposed a state of emergency and watched as the currency slid, and foreign banks refused to roll over loans to South African borrowers.

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