South Africa can only break out of its cycle of stagnation and poverty if it achieves sustained growth of 4% to 5% a year.
This is according to Deputy Finance Minister Ashor Sarupen who said the country must focus urgently on three basic priorities: fixing energy, logistics, and local government.
Speaking at the second BizNews Investment Conference held in Hermanus, he highlighted that for every 1% that we get GDP growth, we get a 0.4% to 0.5% corresponding employment growth.
However, since 2009, growth has averaged just…
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Marine Dre
The only thing that a man who hangs around a beautiful lady without saying a word can do is to fetch water during her wedding day
Mud Finger
Bunny Chow. This is a traditional South African Indian dish and usually consists of curry served in a hollowed-out half-loaf of unsliced white bread. It’s best when the bread is soft and fresh and the curry is extra spicy.