The Deputy Governor of the Reserve Bank Daniel Mminele has warned that the country’s GDP growth rate might fall below 2% if there is a deadlock in wage negotiations. It is already hard to see how there can be any job creation at a 2% level, and yesterday’s numbers from Adcorp suggest that we are continuing to shed labour. How seriously should we take this warning? We asked our experts……
Today’s newsletter contains comment from Russell Lamberti of ETM, Luke Doig from Credit Guarantee and Adcorp’s Loane Sharp.
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