Opinionista Tim Cohen
Lehman and SA, one year on
- Tim Cohen
- 27 Aug 2016 02:00 (South Africa)
We still think that SA was somehow de-linked from the financial crisis that got it's official start exactly one year ago today. That isn't exactly the case, just as we haven't exactly answered all the questions about how the downturn affected – and will affect – South Africa.
The conventional wisdom is that South Africa is distant, somewhat bemused, spectator to the financial maelstrom that began on this day a year ago with the bankruptcy of Lehman Brothers, a crisis SA was belatedly
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