The good and bad of globalisation.

[Dave A]

"I gather [Vavi] says I should not talk about the economy, only monetary policy," Mboweni told the dinner guests.

"I'll stick to monetary policy if he sticks to union organising."

Now that is sharp!!!

[duncan drennan]

That was the clincher

[duncan drennan]

From the one economist who correctly predicted the June rate hike,

“We need to look at areas [of manufacturing] where we are competitive and create incentives for labour-intensive investment,” she says, citing tax incentives, red tape and encouraging small businesses as possible measures.

“It’s not just going to go away. We need a targeted government programme to get things right. It’s very hard for any country to be competitive with India and China. It’s not going to help to put trade barriers up. It’s only going to disadvantage the consumer.”
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