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Post by africanhope on Aug 26, 2013 15:33:02 GMT
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Post by bobbins on Aug 27, 2013 19:14:57 GMT
Let's be honest, SA does not have a great economy, but we weathered the difficult international economic climate quite well, with none of our banks or big companies going under The important issue is the growth in human capital and reductions in inequalities (both typically required for good growth). How's the education system (including below university level)? And to what extent has the switch away from apartheid oblivion also created other sources of extreme inequalities? |
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Post by ShivaTD on Aug 28, 2013 13:29:28 GMT
Expansion in developing nations is always exciting and will always outpace growth in developed nations based upon percentages. We can compare SA with it's reported 32,000 TEUS in May to the Port of Seattle, for example, with it's 130,000 TEUS for the same month and see that a small increase in SA can dramatically increase the percentage while it would require a massive number in the increase in container freight through the Port of Seattle to represent the same percentage increase.
Of course SA doesn't have the market that the Port of Seattle feeds and every additional container in and out of SA is more important than a similar increase in the number of containers in the US. This increase in container freight does reflect an excellent development in SA's economy which certainly needs it.
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