No point flogging the dead horse of mining

16 August 2015 - 02:00 By Frans Cronjé

Analysis of South Africa's economic slump rightly identifies falling commodity prices as a key external driver of this country's weak GDP numbers. Our assessment is that policymakers must make peace with the fact that low commodity prices are the new normal - and that this may be a good thing.In the '50s, the primary sectors of agriculture and mining jointly contributed around 30% of GDP.

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