Kganyago outlines how foul politics is killing the economy
'If you are to sink a mining shaft for 30 years and there is a change in mining policy every time there is a change of government or of a minister, why would you want to do it?'
02 August 2017 - 07:30
South Africa’s central bank warned that an economic slump may deepen if the government doesn’t address political turbulence and a policy vacuum in mining and agriculture.
South Africa’s central bank warned that an economic slump may deepen if the government doesn’t address political turbulence and a policy vacuum in mining and agriculture. “We have to get rid of policy uncertainty,” Lesetja Kganyago, the bank’s governor, told lawmakers in Cape Town on Tuesday. “The uncertainty is impacting on the confidence of investors. Unless you restore that confidence you are going to have a problem.”
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