Excellent analysis on the critical issue of SA’s burgeoning trade deficit

03/12/14 at 7:30am

Frans Cronje, the Chief Executive of the South African Institute of Race Relations joined Alec Hogg on CNBC Africa’s Power Lunch following the widening of South Africa’s trade deficit to R21bn in October 2014. Cronje lends a bevy of factual insights to the dire problem that South Africa is facing as its trade deficit widens, exacerbated by a weak rand, and the fact that it is very difficult to shorten the gap when you are a ‘country that doesn’t make stuff.’ One thing is clear, immediate action is required to begin the process of turning around factors working against an economy with the potential to do so much better. – LF

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