SA's economy no longer stable: report
Updated | By ECR Newswatch
South Africa is no longer regarded as a stable economy, this is according to the 2017 Fragile States Index.
The index is measured on 12 social, economic and political indicators, with South Sudan considered as the worst of 178 states in the world while the most stable nation is Finland.
South Africa, meanwhile, is ranked in the middle at number 96.
In relation to the aforementioned, Ghana and Botswana are now regarded as being more stable than South Africa by the Index.
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Exonometrix Economist, Azaar Jammine names some of the factors that have led to South Africa's worsening rating.
"The decline in perceptions are policing and maintenance of security, concerns about increased corruption and also concerns about increased polarizations of society between the rich and the poor and in particular between various race groups," he said.
The government has introduced a period of Radical Economic Transformation - in order to address the country's struggling economic status.
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