Economic growth is not sustainable in an inflationary environment and is easier to achieve within an expansionary monetary policy framework, but becomes more challenging within a contractionary policy framework. However, it is important to realise that this is a challenge that we can successfully confront.
It is within this context, a global one, that the Executive Management Institute of South Africa has to place itself. In order to train the managers and business leaders of tomorrow, you must grasp the complexities of the environment that confronts them. I commend Emisa for its community work and I wish you well as you chart your future course.