The South African economy has been straining lately.
It recently became common knowledge that the South African economy have shrunk majorly.
SA’s economy has suffered it’s worst shrinkage in almost 10 years in the first quarter of 2018.
But why is South Africa’s economy doing so horrible?
Briefly.co.zagathered that there are many factors that have a real and active effect on South Africa’s economy.
Some of these influences cannot be seen, but are certainly felt.
Exports were down by 16% according to StatsSA, another loss for South Africa’s economy.
Socially, things aren’t any better.
Racist attacks (allegations) are happening too often and people are feeling uneasy and unruly.
Protests and violence are a regular problem causing social instability.
The strength, or weakness, of South Africa’s labour market also inhibits the economy’s growth.
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She has a Bachelor of Commerce & IT from the University of Nairobi and joined Briefly.co.za in November 2019.
The writer completed a Google News Initiate Course.
you’re free to email her at perisrodah254@gmail.com.
