Economy is not growing at the expected rate – Ohuabunwa
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Reversal of privatized companies
It is a dangerous thing for the economy. Wehave been there to see how government manages business. We saw that rather than generate income we made losses.
Tax payers’ money was used to pay salaries and losses were incurred.
Any attempt to reverse privatization will make nonsense of the gains made over the years.
I won’t like to think government is reversing it but trying to correct anomalies where things were not done normally.
Maybe, the right person did not buy a company and government now wants to sell to the right bidder, or a company may have been sold to cronies etc.
Economy 2007
Economic growth in 2007 was not encouraging especially if we consider the idea of growing at a fast rate. Growth rate in 2007 was not better than 2006.
Since 2006, growth rate had been somehow the same. In 2006, it was six per cent. Last year it was five percent.
The economy is not growing at the expected rate. The manufacturing sector is the worst hit.
Though we witnessed improved supply of energy in the last three months of 2007, we did not have improved performance.
If the economy is not growing above five per cent there is nothing manufacturing can do.
If the economy grows by seven per cent, manufacturing will boom. Manufacturing capacity in 2007 hovered around 40 per cent. It was 42 per cent in the previous year.
It is a dangerous thing for the economy. Wehave been there to see how government manages business. We saw that rather than generate income we made losses.
Tax payers’ money was used to pay salaries and losses were incurred.
Any attempt to reverse privatization will make nonsense of the gains made over the years.
I won’t like to think government is reversing it but trying to correct anomalies where things were not done normally.
Maybe, the right person did not buy a company and government now wants to sell to the right bidder, or a company may have been sold to cronies etc.
Economy 2007
Economic growth in 2007 was not encouraging especially if we consider the idea of growing at a fast rate. Growth rate in 2007 was not better than 2006.
Since 2006, growth rate had been somehow the same. In 2006, it was six per cent. Last year it was five percent.
The economy is not growing at the expected rate. The manufacturing sector is the worst hit.
Though we witnessed improved supply of energy in the last three months of 2007, we did not have improved performance.
If the economy is not growing above five per cent there is nothing manufacturing can do.
If the economy grows by seven per cent, manufacturing will boom. Manufacturing capacity in 2007 hovered around 40 per cent. It was 42 per cent in the previous year.
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