Shedding dark on the issue of South Africa’s economic growth
Allan Gray Unit Trust Management
Q1 of 2023 | 1 year ago
To read extracts from Eskom’s annual report penned a quarter of a century ago is both significant and poignant. It highlights the optimism that was felt during the “Africa Rising” era of the early 2000s, when rapid economic growth was being experienced, and both rising incomes and the emergence of a robust new middle class were greatly anticipated. Under this hopeful narrative, the illumination of South Africa and the continent was a foregone conclusion.
Shedding dark on the issue of South Africa’s economic growth
Allan Gray Unit Trust Management
Q1 of 2023 | 1 year ago
To read extracts from Eskom’s annual report penned a quarter of a century ago is both significant and poignant. It highlights the optimism that was felt during the “Africa Rising” era of the early 2000s, when rapid economic growth was being experienced, and both rising incomes and the emergence of a robust new middle class were greatly anticipated. Under this hopeful narrative, the illumination of South Africa and the continent was a foregone conclusion.
