quote:Originally posted by Mitwah:quote:Originally posted by SJ4321:quote:Originally posted by Mitwah:
SJ, where are the jobs to substantiate this growth?
In me batty
Ashni controll the numbers. He can tell us anything. A growth like that will translate into jobs.
A large part of the growth in price driven, as in gold and sugar prices. The areas of decline were output driven, meaning the growth has no, or little legs. Without output driven growth, job creation will be stunted, with the people controlling the means of production just getting richer. In this case, the national treasury, as sugar is it the Govt hands and gold is royalty.
If the Govt is smart, they would flow this back to the mauufacturing sectors via targeted and specific tax incentives linked to employment outcomes. This however, cannot be done in a hap-hazard manner as the incentives would go invain. Also, a reduction in the VAT should be in the cards which will immediately create disposable income this boosting domestic commerce.
In the end, this price component of growth will not last, sugar prices will come down and so will gold price. If the legs are not put in-place for this, you can witness a growth disruption and it will be too late to start building these "legs".