POLITICS

We have to ask ourselves: why are we falling behind? – Cyril Ramaphosa

Cyril Ramaphosa |

06 April 2022

President notes GDP per head was 53% of G7 level in 1970 but fell to a quarter by 1994, where it remains

Remarks by President Cyril Ramaphosa at the launch of the Oxford handbook of the South African Economy

6 April 2022 – 12:00am

Vice Chancellor of the University of the Witwatersrand, Prof Zeblon Vilakazi,

Vice Chancellor of the University of Johannesburg, Prof Tshilidzi Marwala,

The editors of the Oxford Handbook of the South African Economy, Prof Imraan Valodia, Prof Fiona Tregenna and Prof Arkebe Oqubay,

Distinguished Guests,

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Colleagues and Friends,

The Oxford Handbook of the South African Economy comes at a time of great upheaval in the global economy. 

The COVID-19 pandemic has depressed economic activity, disrupted global supply chains and deepened inequality.

South Africa’s economy has similarly been severely affected.