The economy prior to 2008 was growing very nicely.— Gavin Keeton, Professor at the Economics Department at Rhodes University
The change in ANC leadership at Polokwane in 2007 marked a switch towards a more interventionist economic role for the government.
This coincided with the global financial crisis and a dramatic slowdown in economic growth.
Growth in SA has never fully recovered.
The ANC's leadership change slowed growth to a crawl, says Gavin Keeton, Professor at the Economics Department at Rhodes University.
The Money Show’s Bruce Whitfield interviewed Keeton.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
Tax revenues are the result of growth. If the economy grows; Government can spend.— Gavin Keeton, Professor at the Economics Department at Rhodes University
If the state is going to put itself at the centre it has to be very efficient.— Gavin Keeton, Professor at the Economics Department at Rhodes University
The biggest drawback for growth is uncertainty.— Gavin Keeton, Professor at the Economics Department at Rhodes University
We have to have a much greater focus on encouraging investment.— Gavin Keeton, Professor at the Economics Department at Rhodes University
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