Nkululeko Mkhize displayed all the trappings of wealth. He flew to Dubai this year to celebrate his 32nd birthday, he owned multiple luxury cars and he liked to splash wads of cash at social occasions.
Undoubtedly, the Covid-19 pandemic and resultant lockdowns crippled the South African economy. For months, various sectors battled to stay alive due to various restrictions. Even now, the tourism and alcohol industry – to name a few – are still trying to bounce back from last year. But, as Mike Schussler writes below, the South African economy was in a spot of bother even prior to the Covid-19 pandemic. While he says that the country should see some bounce back, the economy is in deep trouble. – Jarryd Neves
By Elize Kruger and Mike Schussler for Brenthurst Wealth
GDP is either produced or consumed, and that is how it is measured too. Production cannot happen if consumption does not occur, and consumption needs products and services to happen.