The National Empowerment Fund we established some time back. And one of the challenges was to build a strong enough asset base for it to operate in a credible manner. And we believe that it can.

We should never become despondent because the weather is bad, nor should we turn triumphalist because the sun shines.

I don't imagine Heads of Government would ever be able to say I'm not an economist therefore I can't take decisions on matters of the economy; I'm not a soldier I can't take decisions on matters of defence; I'm not an educationist so I can't take decisions about education.

I think anybody who knows anything about South Africa and the South African economy would know that one of the big constraints to growth and development is skills shortages. So all of us, need to come at this thing as vigorously as is possible and, of course, the private sector has the capacity to take it on board.

We are in the process of negotiating an agreement with the United States. We will be negotiating agreements with India and China. We are in the process of negotiating an agreement with Mercosur, South America. So there are a number of these trade agreements in the major markets of the world.

We do not have a South African as a member of the African Commission. The President of the Commission comes from Mali, the Deputy comes from Rwanda and then we have got all these other members, ordinary commissioners. There is no South African there. And the reason, again, for that is not because we didn't have South Africans who are competent.

We are a very big mining country and historically have been exporters of raw minerals. There is no particular reason why we should not be processing those further.