Ramaphosa and Mboweni will cause further recession: EFF

timeslive.co.za

- timeslive.co.za | 4 weeks ago

The EFF has laid the blame for the country slipping into recession on President Cyril Ramaphosa and finance minister Tito Mboweni's leadership styles.

In a statement, the EFF said: “SA's economy continues to shrink under the leadership of Cyril Ramaphosa . The people of South Africa should know that the direction taken by [the country] under Ramaphosa and National Treasury under Tito Mboweni will cause further recession, job losses, shrinking revenue base and deepened poverty.

” As the government grapples with how to grow and make the economy inclusive, Statistics South Africa (Stats SA) released a scathing report on the country's economic landscape, revealing that it had fallen into a recession in the last quarter of 2019.

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