Concerns in the South African economy Economic developments over the past three years were encouraging and provided sufficient evidence to prove that, given a supportive environment, there is still enough vitality left in the economy after years of depression, mainly by non-economic factors.
The movement  BIS Review 66/1997  -5-  through the upward phase of the business cycle, however, also exposed a number of inherent weaknesses in the economic structure. These include: * the insufficient level of saving in the domestic economy which last year was equal to only 16 per cent of gross domestic product.