The ONE Number Destroying South Africa’s Future.

Read the full analysis and more data-driven insights: https://www.thecommonsense.co.za/ Become a Common Sense Member for R99/pm https://www.thecommonsense.co.za/subs... South Africa’s most important economic number is the fixed investment rate. It is now 14% of GDP. That is lower than when the ANC took power in 1994. Frans Cronje shows how the rate peaked at 22% then collapsed. This is far below the emerging markets average of 25% and the global average. At 14% fixed investment South Africa gets stuck with roughly 1% growth and 30% unemployment. To reach 4% growth and bring unemployment down toward 10% the country must lift this rate toward 25-30% of GDP. This number decides whether South Africa stays politically volatile with a stagnant economy or becomes a serious emerging market that creates real jobs.