Most voters suspect that whoever wins government, they will soon declare that “the economy is not as strong as we had hoped or been led to believe” – and that promises will need to be broken.
Over the next ten years, 40% of jobs are predicted to disappear. Universities will be essential to helping people reskill, upskill and reinvent their jobs.
The announcement of a rival to the Johannesburg Stock Exchange presents a welcome development in South Africa – but it’s not the first time the JSE has faced competition.
The chancellor’s strategy has been to create an impression of quietly assured competence. The result? Rather bland, but the surprise sugary drinks tax will go down well with the public.
The Reserve Bank of Australia has created a new index for uncertainty in the Australian economy based on news, financial indicators and economic variables.
It is unlikely President Zuma will announce a structural changes in his State of the Nation Address. This, despite education being in dire need of fundamental restructuring and an economy in decline.
The general loss of faith in the economy is the most important issue President Zuma must address. More radical social and economic transformation, with emphasis on land reform will be most critical.