South Africa needs to raise the level of economic growth and promote inclusive growth if it is to win the battle against poverty, inequality and unemployment, says Trade and Industry Minister Rob Davies. [Read more…]
Innovation key to economic growth
October 28, 2014 By Leave a Comment
Minister in the Presidency, Jeff Radebe, says BRICS countries must continue to embrace innovation as a key driver for economic growth. [Read more…]
Economic growth not encouraged by high inflation
November 8, 2011 By Leave a Comment
Economic Growth
Pretoria – Low interest rates and high inflation do not encourage economic growth, economist Chris Hart said on Tuesday.
“Low interest rates in the developed world have become counter-productive…. Growth has to be funded. In South Africa where interest rates are at 5.5%, we cannot get growth going,” said Hart adding that inflation was too high to stimulate growth. [Read more…]
