Missing the Recovery Trajectory

SOUTH AFRICA - Forecast 11 Aug 2014 by Iraj Abedian
Executive Summary The South African economic performance in 2014 has been marred by damaging strikes which gave enough reasons for negative credit ratings actions. Labour unions have grown radical and militant. Splintering among unions along political fault lines suggests that South Africa has entered an era of volatile industrial relations as different factions strive to push forward their political agendas and swell their ranks. Meanwhile, signs of economic slack in South Africa are evident: SA’s gross domestic product has trekked further away from the path of recovery; economic sentiment...

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