That SA is one of the countries cited as a potential drag on the Sub-Saharan African region’s growth prospects for 2023 stands to reason given the ideological and policy constraints imposed on the country’s potential by the government.
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Little chance of a decent return if private companies get only two years to operate on SOE-controlled lines.
It is also vital to bear in mind that Eskom’s problems effectively act as a hard cap on South Africa’s growth potential.
Private sector investment, not a national shipping company, will solve the problems of dysfunctional rail network.
The US economy is headed for a recession in 2023. It could even be in a recession already. The US Federal Reserve has consistently hiked interest rates this year to control inflation. Senior Policy Analyst at the Centre for Risk Analysis, Chris Hattingh speaks to eNCA.
There might well be surface-level overtures that cadre deployment will be changed. But at base, the party’s guiding ideology requires precisely such tools. It would no longer be the ANC if it abandoned cadre deployment at the first opportunity.
The governor was correct in highlighting that, in the context of inefficiencies and constraints that undermine and inhibit job creation, ‘pushing harder on monetary policy is like pushing the accelerator to the floor on a curvy, icy road over a mountain pass’.
The precedent says: accept court decisions when they favour us, snub them when they don’t.