Author: Econsult Africa

South Africa is a land of contrasts. It’s an economic powerhouse in Africa which boasts of the highest Gross Domestic Product (GDP) on the continent in 2025 at US$418bn, according to the IMF World Economic Outlook, which translates to an impressive GDP per capita of US$6,520 for the country’s 60 million people. Yet, beneath this veneer of economic success lies a deeply fractured society. The top 0.1% of the population controls almost one-third of the nation’s wealth. The country also has the second highest unemployment in the world, at 33%, according to The World Bank. It’s a paradox that’s hard to…

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