At the core of all community development activity is the understanding that individual ownership is one of the most important components of economic and social success, whether in the form of the purchase of a home or an investment in education or a small business.
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.