Chart of the week: South Africa is going backwards

Between 1994 and 2009, South Africa shrugged off the legacy of apartheid and became steadily richer. But during president Jacob Zuma’s eight-year tenure, the country has gone backwards.

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Between 1994 and 2009, South Africa shrugged off the legacy of apartheid and became steadily richer. But during president Jacob Zuma's eight-year tenure, the country has gone backwards, says The Economist.

Thanks to pervasive corruption, around 5% of GDP has been stolen, while overspending, chaotic policy-making and red tape have also deterred foreign investment. With unemployment at 28% and GDP growth stagnant, the economy needs a revamp.

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