AS THE GLOBAL financial crisis begins to impact on SA’s economy – until recently considered relatively immune from the turmoil – companies are expected to shed more jobs in addition to the 70 000 since the beginning of 2008. With SA’s mining industry singled out as the worst affected, analysts warned falling commodity prices raised the possibility of job cuts. BUSINESS REPORT, quoting Finance Minister Trevor Manuel, said SA’s economy had the fundamentals to weather the crisis, but SA companies needed to be more competitive to carve out a niche in the stormy export market. Business Day warned any shift in government policy would have grave consequences on an otherwise well-insulated economy.
WHAT OTHERS SAID