5. Recession And The Downgrading Of SA’s Economy To Junk Status
The world was looking up to South Africa to lead Africa and fast-track the development of other nations in the continent. But shockingly, looting, corruption and the internal government divisions it triggered got the country downgraded to junk status.
In addition to that, the country’s GDP which contracted in the fourth quarter of 2016, further decreased in the first quarter of 2017 landing the country into recession. It was big news for the world.