Total population growth between: 1% – 1.5% GDP growth between: 1.5% – 2% Provincial inflation between: 5.5% - 6% Unemployment rate (expanded) between: 33% – 36% Per Capita income increase between: 0% – 1% Number of people in poverty increase between: 4% - 8% 

Please see the supporting documents on

1)  There seems to be a significant correlation between the financial ability and viability of a municipality and poverty levels within the municipal area.  This lends support to the argument that to have a viable and prosperous municipal economy you need a financially viable municipality.  Its a necessary condition.  Also KwaDukuza Local Municipality has the highest property tax per capita in the province following by eThekwini, etc.   

 

2) The number of CIPRO registered establishments in the province increases significantly from 2004 to 2010. However the closers due to the 2009 economic recession is very evident.  Also 40% of all KZN sectors recorded relative increases in terms of relative size whereas 60% recorded decreases.   

3) The majority of SA macro-economic indicators have bottom outed.

Confidence levels have turn positive.  However the indicators are still at very low levels.  The majority of indicators suggests that the SA economic and KZN economy will experience positive growth rates during 2010. However this will most probably not translate into significant real benefits as yet, ie. employment, disposable income, poverty, etc. 

4) Oil prices have become fundamentally more expensive and this trend will continue because of the lack of alternatives.  The continued rise in energy costs will significantly increase the cost of living in SA and around the world.  The major implication - negative impact on potential GDP.  Will act as a major constraint for sustainable high GDP rates. 

Nationalization 

PS  The current debate on nationalizing should be guided by the following saying (fact) 

               "investment capital likes to go where it is loved" 

Also       "there are no evidence that supports full blown nationalization"

                

Also        "the market economy (mix economy) is the only long-term solution to wealth creation"

 
Interesting article on the nationalization effort in Pakistan during the tenure of Zulfikar Ali Bhutto from 1971 to  to 1977 

A very significant comments re the effort are as follows 
 " Had we gone at the rate of growth during the decade of 1960's, I reckon we would have definitely been an Asian tiger by now"

    Abdul Hameed. M. Dadabhoy, Interview with Daily Dawn September 9, 1995.