SA needs to regain edge in global economy
Manufacturing is a critical lever of economic growth, particularly through export performance, because although it does rely on a core of highly skilled people ... it also offers opportunities to employ large numbers of basic skills on the factory floor, writes Dudu Msomi IT IS laudable for politicians to talk about Africa sharing one destiny — adding to the zeal of investors and analysts salivating at its growth as though it were a country and not a continent.African pride and unity is important and has its place. But SA should not be lulled into complacency because, with the global economic power shift from developed to developing economies, African countries are racing against each other to become the most attractive investment destinations. As emerging markets gain a larger share of global gross domestic product (GDP), there is fierce competition for economic growth and foreign direct investment. It was no fluke that Nigeria rebased its GDP in 2013 and overtook SA as Africa’s l...
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