The SA private sector has emerged from the recession with the rest of the world, after having entered it later than most other countries, says an economist.
In an almost miraculous about-turn, the Eastern Cape private sector economy is making a powerful recovery, says provincial barometer compiler Mike Schüssler.
The Western Cape economy shows real signs of a turning point, with all economic sectors in the province up from December figures.
Although many in Gauteng still smart from recessionary fallout, economic indicators show that the economy has finally emerged from the slump.
While not all sectors have turned the corner yet, it seems that the Free State economy is on the road to recovery.
The FirstRand CEO talks about the group's expansion strategy. Time: 02:32.
Q: What would you do with a lump sum of money?
If you'd invested R100 in Old Mutual 10 years ago it would be worth less now than the amount you put in. It's a damning indictment of a failed globalisation strategy that has cost shareholders at least R100bn in acquisitions and subsequent capital injections since its ill-fated London listing in 2000. That excludes a further bill of around R8bn in cumulative corporate costs since demutualisation.
