Analysts say while a technical recession was expected the contraction is far bigger than previously anticipated.
An economist at Nedbank, Johannes Khosa says South Africa’s recessionary environment will further hamper efforts to create jobs.
There are concerns that South Africa’s economy could enter into another recession.
Helicopter cash, climate crises, smart cities and the space economy — investors have all those possibilities ahead as they enter the third decade of the 21st century.
The current load shedding will likely push the economy in to a recession with companies unable to operate at full capacity.