SA Politics Thread Part 12

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Unhappy1 said:
Personally i would say you need to see 3% growth for at least two years in a row before you can claim the country has turned a corner.
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I would say 3% growth is a baseline for things pretty much holding steady.

Given the fsckup that the ANC have made of this country, we should be aiming for 7 - 10% growth for at least 2 years to claim we've turned a corner and are on the right track.
 
ToxicBunny said:
I would say 3% growth is a baseline for things pretty much holding steady.

Given the fsckup that the ANC have made of this country, we should be aiming for 7 - 10% growth for at least 2 years to claim we've turned a corner and are on the right track.
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More BEE will get us there :thumbsup:
 
wingnut771 said:
Not even 3% is enough.
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ToxicBunny said:
I would say 3% growth is a baseline for things pretty much holding steady.

Given the fsckup that the ANC have made of this country, we should be aiming for 7 - 10% growth for at least 2 years to claim we've turned a corner and are on the right track.
Click to expand...

Its a start and going from negative or no growth then its probably enough to say a corner has been turned, not that everything is now amazing.

7-10% the country is essentially in an amazing position.
 
ToxicBunny said:
I would say 3% growth is a baseline for things pretty much holding steady.

Given the fsckup that the ANC have made of this country, we should be aiming for 7 - 10% growth for at least 2 years to claim we've turned a corner and are on the right track.
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5% is achieveable, we've done it in the past and it would make a noticeable difference in the current climate.

7-10% is China-level growth, don't think we're getting there anytime soon...
 
Mike Hoxbig said:
5% is achieveable, we've done it in the past and it would make a noticeable difference in the current climate.

7-10% is China-level growth, don't think we're getting there anytime soon...
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How about 5% growth and the Rand strengthening back to 7 to the usd?
 
wingnut771 said:
How about 5% growth and the Rand strengthening back to 7 to the usd?
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Due to inflation that ship has sailed. What we can do is stem any further losses. We don't want the rand to be R100/$1 some day, and look back at the good old days of R17/$1...
 
Mike Hoxbig said:
5% is achieveable, we've done it in the past and it would make a noticeable difference in the current climate.

7-10% is China-level growth, don't think we're getting there anytime soon...
Click to expand...

I think 7 - 10% is also easily achievable if we stopped doing stupid ideological shyte, and did the fundamentals right (like logistics, etc).

And no, not for an extended period of time, just 2 years and then I'd see it settle down to 4 -5% for a period before migration into the 2 - 3% range longer term.
 
Mike Hoxbig said:
Due to inflation that ship has sailed. What we can do is stem any further losses. We don't want the rand to be R100/$1 some day, and look back at the good old days of R17/$1...
Click to expand...
How much of GDP "growth" is just currency weakening and inflation?
 
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