South Africa’s 2018Q1 Economic Recession Report: Lessons for Nigeria

Abstract

For the first time since 2009 South Africa is experiencing a technical recession. The contractions have the poor performance of other emerging economies. 2. Others have noted that investment in manufacturing and development was also hampered in South Africa as a result of uncertainty regarding the mining charter and land redistribution contained in the countries land reform1 . The controversial land reform in South Africa created a restive investment climate in South Africa because President Ramaphosa bypassed a parliamentary consultation when he said the constitution should be amended during a television address