Africa’s most-industrialised economy will probably shrink by 8%

Slow reforms and the return of rolling power cuts in South Africa could threaten the recovery of an economy that probably bottomed in the second quarter. Africa’s most-industrialized economy will probably shrink by 8% in 2020, according to the median estimate of 29 economists in a Bloomberg survey that was published on Friday. That’s worse than the 7.5% contraction projected a month ago.