Divide and conquer this recession!
The key is to tackle our issues sector by sector
An uncle called me recently, and in his robust voice bellowed: "This thing you people are talking about of the recession, is it like what I'm experiencing with my hair?" I laughed nervously, since I share, in whatever little way, his genes and thus potential for such a recession. While economic recessions represent a kind of receding of economic activity, they are not genetic, and thus more easily reversible than recessions of the hairline. And that is comforting. But we need to be serious about treating this recession, or it will grow into a depression. US billionaire investor Warren Buffett was quoted as saying that it was the normal regenerative capacity of US business that would play a much bigger role in the country's emergence from the 2008-09 recession than any government effort to stimulate the economy. His statement finds good application here in South Africa, although only in part given our economic structure and stage of development. In any case, we now have very limited ...
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