[LISTEN] Why SA won’t become the next Zimbabwe or Venezuela - economist

With the worrying state of the economy, people becoming more cash-strapped, the ongoing land debates and the way the governing party's running the country, there are concerns that South Africa may be heading the same way as Zimbabwe or Venezuela.

But is that really true or accurate?

Efficient Group economist Francois Stofberg shared his thoughts in an opinion piece published in BusinessTech.

He joined Joanne Joseph on the Afternoon Drive to unpack his thoughts, giving a few reasons why SA is not going down the same route.

We have a kind of working democracy and it is not too unhealthy. We do have our issues with corruption but the bottom line is you can still vote someone out of power.

Francois Stofberg, Economist - Efficient Group

[Media] is of absolute cardinal importance.

Francois Stofberg, Economist - Efficient Group

Too a large extent the law is still enforceable in South Africa. The important thing here is that judges are not bought yet.

Francois Stofberg, Economist - Efficient Group

We have an absolutely immaculate central bank and monetary policy system in South Africa.

Francois Stofberg, Economist - Efficient Group

Click on the link below to hear the full conversation...


This article first appeared on 702 : [LISTEN] Why SA won’t become the next Zimbabwe or Venezuela - economist


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