HILARY JOFFE: Big investors need to know how SA will dig itself out of the mire
12 July 2020 - 00:00
If there was a standout piece of bad news in last week's first-quarter growth numbers, it was the 20.5% contraction in investment spending. The trend is not new. Fixed investment has shown positive growth in only four quarters in the past four years; in real terms it is now more than 10% lower than five years ago. This means the economy isn't adding or even maintaining the capacity it needs to start growing. Nor is it building the infrastructure SA needs to become more competitive. Fortunately, everyone agrees that investment, particularly in infrastructure, is a top priority...
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