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sponono
Super Contributor
With most South African GDP forecasts for 2013 being revised downwards, it is clear that economic growth is declining and is below the level required to mitigate the high unemployment rate. The middle to lower consumer economy is being further burdened by sharply rising costs of energy and services, over indebtedness, and tightening credit extension by unsecured lenders. These factors provide an unfortunate backdrop to aggressive demands by organised labour, which in the absence of a more reasoned approach will perpetuate the economic challenges. Disposable income levels are fragile
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yyy
Occasional Contributor
And all the foreigners who were buying our stocks at zar9.25 during the first half of the year are down 12%.
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