Of course we run a very open economy, and therefore what happens in the rest of the world, in economic terms, obviously has an impact on us.
Thabo MbekiWhat is the worst, is that you will have the meltdown of Zimbabwe that the IMF is talking about. And indeed what you will have is growing unemployment in Zimbabwe, growing impoverishment among the people, growing social conflict. And I think that is the worst sort of outcome, that collapse of Zimbabwe certainly would have a much, much worse effect on the region than mere image.
Thabo MbekiI know there is a lot of concern I know about plans that Iran might have to develop nuclear weapons which arises from positions that Iran took in the past when in fact it did not disclose things to the IAEAโฆ because they were hiding something. I can understand that.
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