Undoubtedly, the Covid-19 pandemic and resultant lockdowns crippled the South African economy. For months, various sectors battled to stay alive due to various restrictions. Even now, the tourism and alcohol industry – to name a few – are still trying to bounce back from last year. But, as Mike Schussler writes below, the South African economy was in a spot of bother even prior to the Covid-19 pandemic. While he says that the country should see some bounce back, the economy is in deep trouble. – Jarryd Neves
By Elize Kruger and Mike Schussler for Brenthurst Wealth
GDP is either produced or consumed, and that is how it is measured too. Production cannot happen if consumption does not occur, and consumption needs products and services to happen.