HILARY JOFFE: Pretoria's hunger for borrowing is crowding out investment

The government dissaved in the second quarter far more than corporations and households saved

04 October 2020 - 00:09 By hilary joffe

Is the government consuming all the investible resources in the economy, and if it is, what are the prospects for an economic recovery? Latest Reserve Bank and Treasury data provide some scary indicators of the "crowding out" effect economists talk about when a government's borrowing balloons to levels that squeeze out the productive spending that would support economic growth...

There’s never been a more important time to support independent media.

From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.

For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.

Already subscribed? Sign in below.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.