Renowned economist Dawie Roodt has warned that South Africa has unsustainable debt and deficits, which will become taxes that future generations will have to pay. Speaking to Sakeliga executive director Russell Lamberti about the state of South Africa’s economy, Roodt said that the country’s debts and deficits are far higher than the government and budget indicate. He said that despite some positive numbers, or ‘less bad’ figures coming out of the medium-term budget in November, South Africa’s lack of economic growth is the key factor that’s breaking the picture.
Sam Busa