by Mmusi Maimane - Leader of the Democratic Alliance
Date: 10 September 2018
Note to Editors: the following statement was delivered by the Leader of the Democratic Alliance, Mmusi Maimane, at a press conference in Johannesburg today. Maimane was joined by DA National Spokesperson, Refiloe Nt’sekhe.
This week, Statistics South Africa confirmed that we are in recession. This news came as a surprise only to foreign ForEx and bond investors, and it would seem, to our government.
This is no surprise at all to anyone living in South Africa. The truth is that South Africans have known this for months - they have felt it in their own homes as the struggle to make ends meet gets more difficult, they have heard it as the word spreads about more job losses every day, and they've seen it in the streets and in the shops and in their pockets.