President Jacob Zuma and his Nigerian counterpart, President Goodluck Jonathan, today put aside their perceived differences and signed nine Memorandums of Understanding and agreements in Cape Town.
That means we must establish enabling legislation and supportive policies that will ENFORCE (as opposed to encourage) this behavior, otherwise it is only a matter of time until someone works out that this ‘peaceful campaign’ we call BEE is not working and we need a more aggressive strategy
The eurozone crisis continues to play havoc with global financial markets, with sentiment swinging between optimism and pessimism. The sad truth is that these mood swings are likely to continue for some time to come.
What has been happening in the US economy since 2008 is unlike anything we have come to expect from the world’s largest economy, given the past four decades.
It’s difficult to know what to make of where the SA economy is going. Let’s assume for the moment that Europe manages to escape a “Lehman moment”, plunging the global economy back into recession or severe downturn. That still doesn’t mean the outlook for SA is rosy.
Strong GDP growth is necessary not only to create jobs, but also to generate the revenue that helps government to alleviate the poverty stemming from joblessness.