SA’s bad economy is self-inflicted, says Marcus – Mail & Guardian Online

SA’s economic slowdown is “domestically driven”, says Reserve Bank Govenor Gill Marcus, adding that the country holds the solutions to the problems. Gill Marcus says that South Africa can steer its own fate towards greater productive output. (M&G) South Africa can no longer blame the global financial crisis for its flagging economic performance, says Reserve Bank Governor Gill Marcus. While the global backdrop remains difficult as the advanced economies emerge from the financial crisis of the past seven years, “it is no longer the main cause of South Africa’s weak domestic economic performance”, said Marcus. Speaking at a business breakfast in Rosebank on Tuesday morning, the governor said that South Africa’s economic slowdown is “domestically…

SA’s bad economy is self-inflicted, says Marcus – Mail & Guardian Online

SA’s economic slowdown is “domestically driven”, says Reserve Bank Govenor Gill Marcus, adding that the country holds the solutions to the problems. Gill Marcus says that South Africa can steer its own fate towards greater productive output. (M&G) South Africa can no longer blame the global financial crisis for its flagging economic performance, says Reserve Bank Governor Gill Marcus. While the global backdrop remains difficult as the advanced economies emerge from the financial crisis of the past seven years, “it is no longer the main cause of South Africa’s weak domestic economic performance”, said Marcus. Speaking at a business breakfast in Rosebank on Tuesday morning, the governor said that South Africa’s economic slowdown is “domestically…

Business tourism to boost SA’s economy – South African Broadcasting Corporation

tourism--schalwyk

Tourism minister, Marthinus van Schalkwyk. (SABC) Business tourism will boost the South African economy over the next five years by R2.6 billion. This emerged at the conference of the South African Association for the Conference Industry (SAACI) in Port Elizabeth on Monday. Tourism minister, Marthinus van Schalkwyk, says South Africa is ranked 37th on the list of the world’s top business events. “Tourists coming for business events spend more per capita because they come for the event itself. They bring their family along, stay a few days after and shop. These are highly-valued tourists,” says Van Schalkwyk. He says that the unique feature of an overnight flight from Europe is a key market. “We want…

China Is World’s Second Economy

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