recession | Radio 94.7 FM

South Africa’s economy is plunging into an abyss, and the recession looms on the doorstep of SA’s door.

This is the opinion of an expert in Pretoria following the extremely poor performance of the rand and the begging mentality of state-controlled companies.

The latest plea from the SA Airways, asking the ANC-regime for a R4 billion bailout, will put the country in a recession, if granted, and will force Moody to downgrade the country to junk status.

Economists warn that SA Airways will not rise from its financial difficulties even if a bailout is received, and will eventually have to be sold due to mismanagement by incompetent chief officers appointed.

-Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.

In an exclusive interview conducted by Die Vryburger with a well-known political analyst, it seems that 2019 is not a year of good prospects.

The anonymous expert says the projections are getting darker with Eskom, who is already plunging the country into debt with loadshedding.

In addition to the enormous R2 billion it cost daily to endure load shedding, it has a very negative impact on potential investors abroad.

The recession in which SA is currently, along with the tremendous debt burden of the state, forces the Finance Minister to take unfavorable measures to balance the scale, but cannot tamper with it because the election is at the door.

He says there is no reason to think that it will improve in the economic sphere in the second half of 2019, because the Rand is doubtful, gold mines are shaky because of the power supply’s load shedding, and this increases the possibility of higher unemployment. means that less personal tax i
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