5 reasons why South Africa won’t become the next Zimbabwe: economist
Like the rest of the world, South Africans seem to read every bit of pessimistic news they can lay their hands on, says Francois Stofberg, economist at the Efficient Group.
Stofberg says it is easy to fall into "an eternal pessimistic cycle" online, because many South Africans don't realise that Google and Facebook algorithms pick up on searches , conversations, posts on various websites, and the videos being watched.
He said that, while the negative news may be daunting, and people feel like everything is heading in the wrong direction, ''South Africa is not the next Zimbabwe, or Venezuela, because five fundamental structures are still in place".
The economist outlined these five structures and their current role in the economy.
Read More...
https://businesstech.co.za/news/government/333679/5-reasons-why-south-africa-wont-become-the-next-zimbabwe-economist/amp/
Stofberg says it is easy to fall into "an eternal pessimistic cycle" online, because many South Africans don't realise that Google and Facebook algorithms pick up on searches , conversations, posts on various websites, and the videos being watched.
He said that, while the negative news may be daunting, and people feel like everything is heading in the wrong direction, ''South Africa is not the next Zimbabwe, or Venezuela, because five fundamental structures are still in place".
The economist outlined these five structures and their current role in the economy.
Read More...
https://businesstech.co.za/news/government/333679/5-reasons-why-south-africa-wont-become-the-next-zimbabwe-economist/amp/