Guiding consumers since 2009

We are our own market

By Staff Writer

The World Bank has recently released their report into Reshaping Economic Geography. There has been some criticism of it saying that it is centred on the developed world and puts the rest of the world into that context. However Pravin Gordhan our Finance Minister is of the opinion that we are our own market here in Africa and we should focus on developing that rather than just the same old story.

 

  • 900 million people in Africa
  • Why should we export to overseas?
  • Developed world still colonialist

 

The fact is we export many of our resources to the developed world who then process them and resell them to us at a massive mark-up. We should be engaging with those markets that are not as geographically separated from us. The World Bank comes from a developed nations perspective and they still see Africa and the developing world as dependent on the developed world, but this will not continue to be the case forever.

South Africa has weathered the recession admirably, so far, due to the effects of the National Credit Act. We are in a position to reverse the status of client state that has historically been ours. We are in a position to expand our influence into Africa and make the most out of the time while the West is floundering financially. The World Bank reckons that some of our developmental policies are out of line with their thinking, but let us remember that they want a return to business as usual which means the developing world servicing the developed world. We have a responsibility to set ourselves free of prior economic constraints.

Recent Articles

Featured You may be paying for credit life cover – and you’re entitled to use it

When you signed your credit agreement, you may have also signed up for credit life cover. Since this forms part of the credit agreement itself, many people are unaware that they have this insurance.

Work from home, have meetings at restaurants – the new normal?

With companies moving from static office spaces to working remotely, meetings have predominantly been held online. However, some companies have turned their attention to meeting at variable locations, such as restaurants or hotel conference rooms.

Is a home loan a great savings tool?

There are many saving and investment options available to consumers. What you decide to use is dependent on your circumstances. But should you make your home loan your choice of a savings vehicle and how does that exactly work?

Everything you should know about tax auto assessment

In 2019, the South African Revenue Service (SARS) launched a system, which was dubbed an “auto assessment”, to assist taxpayers with their annual tax returns. But what does this system entail, and how will it impact you?

Deals

Earn up to 50% of your tax return submission fee back in eBucks

Price: Available on request
When: Daily
Where: Nationwide

Be part of the Belly Of The Beast Weekday Spring Special Lunch

Price: R350
When: From 23 September 2020
Where: Cape Town

Tony’s Roma Breakfast Special

Price: R39
When: Daily
Where: Cape Town


Latest Guide

Guide to debt rehabilitation solutions