Chart of the week: South Africa is going backwards

South Africa GDP chart

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.