In 1996 the financial markets, bank economists and noisy neoliberal echo chamber in the commentariat bullied the government into believing that SA had a debt crisis. At the time, SA’s debt to GDP ratio was 49.5%. Foreign debt was 1.9% of GDP.
The idea that there was an apartheid debt crisis in 1996 is propaganda and fiction. But in June 1996 the government implemented the Growth, Employment and Redistribution macroeconomic policy, which included slash and burn fiscal policies and sky-high interest rates. It was a disaster. Unemployment almost doubled to 8-million people in March 2003 from 4.3-million in 1996...
I guess then SA has a GDP growth problem, not unemployment problem.
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.
WATCH | Julius Malema, Ntando Duma & squad dancing at EFF rally will give you FOMO!When Malema joined Ntando, Uncle Vinny and the rest of the EFF 'groove vibes' squad to dance, the crowd went wild! When it comes to handling of online investment and assisting people to make extra income Trevormorris_ is the man I recommend for you, contact him now to know how to make extra through online investing others are winning too Report about the good things that the EFF promises to do after the elections Did ya'll run out of news to report?
Source: TimesLIVE - 🏆 28. / 59 Read more »
WATCH | Julius Malema, Ntando Duma & squad dancing at EFF rally will give you FOMO!When Malema joined Ntando, Uncle Vinny and the rest of the EFF 'groove vibes' squad to dance, the crowd went wild! Investing today will save you the stress of financial crisis tomorrow.. Live the kind of life you want today by investing and trading Bitcoin. Trade with a professional trader and start making good profits today. Lisahawthorrne for transparency and trust. And yet there are millions of black South Africans who has no idea what their going to eat today Who cares! Report real news please - there’s a lot more at stake than a clump of criminals jiving like fools!
Source: TimesLIVE - 🏆 28. / 59 Read more »
How to put SA’s economy on a bold, sustainable and inclusive growth pathColin Coleman, Pramol Dhawan and Nouriel Roubini propose a package of measures to place SA on transformative trajectory
Source: BDliveSA - 🏆 12. / 63 Read more »
How to put SA’s economy on a bold, sustainable and inclusive growth pathColin Coleman, Pramol Dhawan and Nouriel Roubini propose a package of measures to place SA on transformative trajectory There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about lisamiaBTC it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done Surrender control to an outside agency
Source: BDliveSA - 🏆 12. / 63 Read more »
Unemployment to be focus area for new Miss SAThe new Miss SA Lalela Mswane said on Sunday she will start the conversation about unemployment among the youth and seek meaningful solutions to this problem. I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to leticia_thomas1 on Twitter she guides me through and i made a return of R15500 after a week of trading, connect with her May God continue to bless you ma'am I never believe it's going to work out because I have lost a lot in different places I know one day they will face the judgment. I really appreciate you Lisahawthorrne Bogozola Unemployment 🤡🤣 there's only one solution to defeating unemployment. Only 1.
Source: TimesLIVE - 🏆 28. / 59 Read more »
JSE to contend with subdued Asian markets on Monday after Chinese GDP missChinese third-quarter GDP numbers underwhelmed, with supply bottlenecks and surging energy costs also dampening spirits I wish I contacted earlier LindaStouffes this year I'm sharing this to encourage every beginner and Bitcoin lover to get in touch with her she is very legit and God fearing person LindaStouffes
Source: BDliveSA - 🏆 12. / 63 Read more »