Article: SA can become a "great nation"

South Africa could grow "in a better way" than China and become a "great nation" if the government uses its natural resources wisely, the World Bank's chief economist said on Wednesday.

"In South Africa, if your government uses its resources well and makes positive investments... you could grow in a much better way than China," Justin Yifu Lin said during a lecture at the University of Johannesburg's Soweto campus.
 
True, we have so much potential.
Sadly we are not reaching our full potential as a country for various reasons.
 
We have endless potential but the politicians are fscking it up for all of us.
 
Of course it's great for the government to consider every inch and person of the nation its own "resources"- then along comes the World Bank offering a great loan package to develop these "resources", all the government has to do is give a little preferential treatment to the WB's corporate partners... :-/
 
Yep, we can become a great nation as soon as we vote out the ANC and undo all the damage they have managed to inflict on our institutions. Until then, not really.
 
Hong Kong was virtually a resourceless island which became one of the wealthiest cities on Earth. How? Oh yes, limited government, limited taxation, free trade and business with all.
 
Hard Rain said:
Hong Kong was virtually a resourceless island which became one of the wealthiest cities on Earth. How? Oh yes, limited government, limited taxation, free trade and business with all.
Click to expand...

Dubai is another example although they geared themselves a bit too much...
 
How are we supposed to use labour as a comparative advantage when no-one wants to actually work. And those that do get a job ask ridiculous salaries.. Death to minimum wage!
 
And those that do get a job ask ridiculous salaries..
Click to expand...
Please define a "ridiculous salary", give me some numbers please.
 
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