Negative growth betrays Ramaphosa's 'fundamentally flawed' approach - EFF

fin24.com

- fin24.com | 4 months ago

The Economic Freedom Fighters said on Tuesday that a 3.

2% contraction in GDP showed that President Cyril Ramaphosa’s approach to wresting South Africa’s economic decline was "fundamentally flawed". The negative growth recorded for the first quarter of 2019 was the biggest quarterly fall in economic activity since the first quarter of 2009, when the world faced a global economic crisis.

"What these numbers reveal is that President Ramaphosa’s approach to economic growth is fundamentally flawed and will lead South Africa to recession.

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