The net effects of the regime's economic planning is wealth destruction and perpetuation of chronic, widespread poverty. South Africa’s per capita GDP, at around $6,000 in 2019, has not increased in inflation-adjusted terms in a quarter-century.
Russell Lamberti
Russell Lamberti is founder of investment advisory firm ETM Macro Advisors. He is the co-author of When Money Destroys Nations, a book about Zimbabwe’s hyperinflation crisis. He lives in Cape Town, South Africa.