|South Africa Economy Stumbles into Recession|
|by Tom McGregor||Mon, Aug 25, 2014, 09:39 PM|
Nationwide labor strikes, rising crime rates and protectionist sentiments are pushing the South Africa economy into a tailspin.
According to the BBC News, "Investors in South Africa are preparing for the release of the latest economic figures, which could show that Africa's second largest economy has tipped into a recession."
South Africa has enjoyed higher economic growth rates in prior years, but a recession looms ahead.
As reported by the BBC, "South Africa was last in recession in 2008, at the height of the global financial crisis. By 2011 it had made a substantial recovery, but now there is a possibility it will slip back."
South Africa, the land of diamond and gold mines, appears to be losing its luster.
To read the entire article from the BBC News, link here:
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