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Just a jump to the left
- For a developing country South Africa has a relative high tax to GDP ratio and a large part of our economy is dominated by state firms. posted 11 August 2008
In South African economic policy is supposed to be “right wing” because we run budget surpluses, have inflation targeting and generally run stable macro economic policy.
Stable economic policies however have very little to do with left wing or right wing. For a developing country South Africa has a relative high tax to GDP ratio and a large part of our economy is dominated by state firms. The OECD report of last week pulled no punches with regard to the negative economic effects of these over protected giants.
CPIX October 2008 posted 3 December 2008
All indications are that CPIX has turned the
corner, coming in at 12.4% year on year
from a 13.0% year on year in September.
