Soweto township residents protest over a lack of electricity on June 21, 2022. – Source: Photo by PHILL MAGAKOE/AFP via Getty Images Tough economic conditions meant that 2022 was a rough year for people everywhere in the world. South Africa was no exception. But this year’s crop of problems came on top of a legacy of poor economic performance.
The country’s economic growth averaged 1% over the nine years to 2021, leaving the population poorer on average. The poverty rate has increased, reaching 63% in 2021, according to the latest World Bank estimates , back to where it was a […]
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