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Assessing and promoting civil and minority rights in South Africa.

[Source: Business Day by Lynley Donnelly.]

Business Unity SA president says the Eskom crisis should not be used as a ‘political football’ and that a ratings downgrade is to be avoided at all costs.

SA is “facing an unprecedented crisis”, especially with the country’s ongoing electricity supply problems and the government’s fiscal challenges, Business Unity SA (Busa), president Sipho Pityana said on Tuesday.

In his opening address to its second Business Economic Indaba, Pityana called on the state to implement “far reaching structural economic reforms that focus on sustainable inclusive growth and a fiscal policy aimed at reducing public debt while simultaneously reducing public spending”.

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South Africa at a Glance
59 620 000 (mid 2020 estimate)
2.2% y/y in June 2020 (CPI) & +0.5 y/y in June 2020 (PPI)
-2.0% q/q (1st quarter of 2020)
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