SA's "stuffed" economy's three lost years confirmed by Q2 GDP contraction - Kevin Lings shares investing suggestions

The Ramaphosa Administration often refers to "nine lost years" under precedessor Jacob Zuma. But the billionaire trade-unionist-turned-mogul isn't doing much better in the hot seat with today's official GDP number for the second three months of 2022 contracting year on year - with SA's economy still below where it was ahead of the Covid lockdowns. Pretoria is caught in a vice of its own ideological making with no room to cut taxes; no capacity for borrowing to invest in growth; and no private investment as confidence in politicial leadership among consumers and businesses has fallen to an all-time low. In this insightful interview, Stanlib chief economist Kevin Lings shares his thoughts on how South Africans should shape their own investments to overcome the challenges of the depressing scenario in their homeland. Learn more about your ad choices. Visit megaphone.fm/adchoices