BRIAN KANTOR: Cabinet’s task is to speed up growth and inspire confidence
An optimistic belief that growth will accelerate would bring immediate benefits
31 May 2019 - 05:07
The immediate challenge for SA’s newly appointed cabinet is to do what it takes to stimulate faster growth in output, incomes and employment over the next few years. And to instill a strongly held belief that they will succeed in doing so.
The benefits of a more optimistic belief that growth will accelerate would be immediate. The interest rate on longer dated RSA bonds would come down as the danger of a debt trap for SA receded — as it does with faster growth in tax and other revenues for the republic...
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