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…