Why South Africans are getting poorer compared to the Rest of the World
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In this sobering conversation we speak to Osagyefo Mazwai, investment strategist at Investec Wealth & Investment International, about why South Africans are significantly poorer today than the global average and what can be done to reverse the slide.
According to new research from Investec, South Africa's GDP per capita adjusted for purchasing power, has fallen well below the world average, decoupling from global trends around 2010. With growth stagnating at under 1%, the economy is now 37% smaller than it should be had we kept pace with our emerging-market peers.
According to new research from Investec, South Africa's GDP per capita adjusted for purchasing power, has fallen well below the world average, decoupling from global trends around 2010. With growth stagnating at under 1%, the economy is now 37% smaller than it should be had we kept pace with our emerging-market peers.