You cannot just depend on the market, because the market will say: China needs oil; China needs coal; China needs whatever, and Africa has got all these things in abundance. And we go there and get them, and the more we develop the Chinese economy, the larger the manufacturing is, the more we need global markets - sell it to the Africans which indeed might very well destroy whatever infant industries are trying to develop on the continent. That is what the market would do.
Thabo MbekiThe King had been a good friend of the government and the people of South Africa and we all mourn his passing with our brothers and sisters in Saudi Arabia.
Thabo MbekiWith me, as a town clerk or city manager, there are certain things that I'm supposed to do - if I don't do them, then I don't deserve to continue in this post.
Thabo MbekiThere are two pieces of legislation that are related. There's the Communal Land Rights Bill. Then there is the legislation that was approved which has to do with the role and the place and the function of the institution of traditional leadership. Now that legislation, not the Communal Land Rights Bill, provides for the setting up of particular committees that would work together with the elected municipalities.
Thabo MbekiThere is a section of our population in South Africa that you can't expect to get integrated in the economy of its own. These are people without skills and that will include young people who might very well have matric certificates, but don't have the skills to be absorbed in the economy. So we need to target people like those in a special way, in a focused way so that they have the skills and the capacity to participate in the economy. That requires special programmes.
Thabo MbekiThe parastatals are an important driver of the process of Black Economic Empowerment and they have been doing it, and will continue to do it.
Thabo MbekiWhen I was in government, the South African economy was growing at 4.5% - 5%. But then came the global financial crisis of 2008/2009, and so the global economy shrunk. That hit South Africa very hard, because then the export markets shrunk, and that includes China, which has become one of the main trade partners with South Africa. Also, the slowdown in the Chinese economy affected South Africa. The result was that during that whole period, South Africa lost something like a million jobs because of external factors.
Thabo Mbeki