Government policies are keeping the economy at well under 2% growth, which is far too little to create new jobs at the scale required
Former senior Treasury official Andrew Donaldson has called on the government to create more public make-work programmes .
The moribund economy cannot sustain state spending at existing levels, as our enormous deficits show; further raising spending to subsidise superfluous jobs will limit growth in the revenue-generating private sector even further. This won't be enough: also move with alacrity to bring independent power producers onstream at short notice. Things are moving far too slowly considering that we are already in a crisis situation and the economy cannot grow without sufficient electrical power.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA hospital groups are getting healthier, and biggerMore beds and more services for more patients in more areas is the plan for Mediclinic, LifeHealthcare_ and Netcare_Limited Moneyweb healthcare privatehealthcare
Read more »
EDITORIAL: The coming public sector pay warThe government needs to stick to its guns in refusing to entertain higher-than-inflation demands.
Read more »
EDITORIAL: The coming public sector pay warThe government needs to stick to its guns in refusing to entertain higher-than-inflation demands.
Read more »
EDITORIAL: The coming public sector pay warThe government needs to stick to its guns in refusing to entertain higher-than-inflation demands.
Read more »
EDITORIAL: The coming public sector pay warThe government needs to stick to its guns in refusing to entertain higher-than-inflation demands.
Read more »
Ecclestone arrested in Brazil for illegally carrying a gunFormer Formula One supremo Bernie Ecclestone was arrested in Brazil late on Wednesday for illegally carrying a firearm while boarding a private plane to Switzerland, police said on Thursday.
Read more »