Thursday, June 03, 2004

Depressed about high unemployment and sluggish economic growth? Rudolf Gouws, Chief Economist of Rand Merchant Bank, thinks that there're plenty of reasons for optimism:

What I am certain about, is that the big shake-out in the South African labour market has already taken place. It may sound cruel, but much of this was necessary if we were to make it possible for our economy to complete internationally and to be able to create real and sustainable jobs in the long run. I think we have now reached that point. The necessary rationalisation lies behind us. What beckons in the future is a better economic performance than we became used to in the struggle decades of the 1970s and 1980s and the transition decade of the 1990s.

This is an extract from a speech delivered at the Wits graduation ceremony. Of course, these tend to be occasions for people to feel good about things and Gouws' comments should be read in that light. Still, here's hoping.


At 22 February 2006 at 23:34, Anonymous Online said...

Hi Blogger:)

Visiting your blog reminds me that I (teacher) am truly lucky to have an net connection!!



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