South Africa’s benefit from this channel is, however, likely to be somewhat limited given the US share of our exports: 8,2 per cent in 2013 compared to 20,5 per cent for the euro area. Then there is the issue of the impact of rand depreciation on inflation outcomes.
By allowing people to help and create employment opportunities for themselves, we are effectively contributing towards reducing poverty and increasing standards of living. As a result there is less reliance on Government in terms of receiving social welfare.