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Economy I don’t believe we have an economic or financial problem in South Africa. We have a political problem. Dawie Rood ‘Potamus rising: the world debt is, on average 100% of world GDP. Ours sits at 81% of our GDP. Better than many, but, when we are spending 21% of...

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Economy Can Dr Doom be right again? Roubini, a New York University Prof, sprang into prominence when his 2006 warning, that the US housing market would collapse, proved true. He now predicts a post-CV19 economic rebound, followed by a collapse beneath the weight of...

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Economics Economic news in Africa, and closer to home, is not great, as may be seen from the following: the average share of African government revenue that goes towards external debt service has tripled over the past 10 years to 13%; Angola, Africa’s second-largest...

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Economy We need guidance? “A developmental state does not necessarily mean higher levels of state ownership, but high levels of guidance.” IDC and SA Development Bank chairman, Enoch Godongwana. Eskom: whilst SAA tends to attract more attention, the total debt...

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Economy News has it that our government is seeking a loan from “multilateral lenders” (whatever that means) to fund the development of “network industries” – read infrastructure. With this comes promises of jobs and so on. I understand that borrowing to pay for...