Our economy is on its knees, but Operation Vulindlela will get it growing again

13 September 2020 - 00:00 By Tito Mboweni

SA's second-quarter contraction in GDP shows the devastating economic impact of the pandemic and the lockdown. Behind the headline contraction of 16.4% (annualised to 51%) lies the real struggles of households and businesses.

The large contraction in growth raises three questions: what can we learn from the GDP numbers, what does it mean for SA's finances, and what does the government plan to do?..

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