EDITORIAL: Economic slump should instil a sense of urgency
Contraction has stunned economists
06 June 2019 - 05:08
Forget about broadening the mandate of the Reserve Bank to include politically charged goals like job creation. President Cyril Ramaphosa should use this week’s worst quarterly economic slump since 2009 to instil a sense of urgency on his newly assembled team to forcefully remodel the country’s failing economic structure.
Brand Ramaphosa helped the ANC roll to a national election victory in May, riding on promises to jumpstart the economy that has hardly grown in the past decade since skidding with the rest of the world in the wake of the 2008 financial crisis...
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