A Quote by Thabo Mbeki

If you look for instance at the automobile industry, part of the reason that you have the expansion of that sector, is precisely because we have gone out to talk to the automobile companies to explain government policy with regard to that sector, to talk to them about the MIDP and things like that. And indeed, it has been a very important part of attracting those investors to put in money in the South African economy and build motorcars in South Africa.

Thabo Mbeki

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About Africa African Automobile Automobile Industry Because Been Build Companies Economy Expansion Explain Gone Government Government Policy Important Important Part Indeed Industry Instance Investors Like Look Money Out Part Policy Precisely Put Reason Regard Sector South South Africa Talk Them Things Those Very

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Thabo Mbeki
South African - Statesman
Born: June 18, 1942

There is a tendency just to talk about foreign investors. Over 80 per cent of new investment in the South African economy is South African and therefore the engagement of the South African investor is also a critical part of this process.

Thabo Mbeki

When 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

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.

Thabo Mbeki

I spent my whole life in the private sector, 25 years in the private sector. I understand that when government takes more money out of the hands of people, it makes it more difficult for them to buy things. If they can't buy things, the economy doesn't grow. If the economy doesn't grow, we don't put Americans to work.

Mitt Romney

The export of oil, the export of minerals, will for many decades continue to be a critical part for the growth of African economies. The emphasis is on diversification. We have for many years - not just in South Africa but in many parts of the continent - spoken about beneficiation. And I think part of the secret, in relation to beneficiation, is you have got to make it attractive, profitable for the private sector - and it will take off. You may have to look at mechanisms like tax concessions... You will not have to worry about beneficiation if it makes commercial sense.

Patrice Motsepe

We (British) have reached the state where the private sector is that part of the economy the government controls and the public sector is that part that nobody controls.

James Goldsmith

I think either party would have seen the wisdom in bailing out the American automobile industry, because one job in ten in the United States is either directly or indirectly connected to the automobile industry. You just could not let these companies go down.

Bob Lutz

That's one of the biggest losses, I think, to African American families, is that people, once they left, they turned away from the South. They didn't look back, and they often didn't tell their children about it. They didn't want to talk about it. It was too painful, what they'd gone through and the caste system of the South, which was Jim Crow.

Isabel Wilkerson

But certainly in Uganda, Mozambique and South Africa, people don't really talk about sex and certainly religious leaders - some of them - up to now have been very unwilling to accept, for instance, the promotion of condom use

Emma Thompson

You need to be able to do that to market these possibilities to these specific investors who would be interested in a sector of that kind. It's what would be normally done by anybody with regard to attracting investment to particular sectors of the economy.

Thabo Mbeki

Folks, you're the reason that the automobile industry is back. Whether it was the wage freezes, the plant closures, folks, you sacrificed to keep your companies open. Because of your productivity, the combined auto companies have committed to invest another $23 billion in expansion in America.

Joe Biden

I don't really understand Darren Lehmann coming out and saying the South African crowd has been out of order. Any England player, even media, who have toured Australia can laugh at those comments because some of the things we hear on the pitch from Australian supporters, known as 'banter,' I know is worse than in South Africa.

Stuart Broad

In the past we entrusted money to the government sector and the government sector simply did not spend the money wisely. And that is why we need reforms, but the government sector is not being reformed.

George W. Bush

The principal investors in the South African economy are South Africans. And this is something, I think, we should really pay attention to.

Thabo Mbeki

I believe that "government", as we know it today, should pull out of most things except for law enforcement and justice, national defense and foreign policy, and let the private sector, a "Grameenized private sector", a social-consciousness-driven private sector, take over their other functions.

Muhammad Yunus

It is considered in England and the United States that the Government of South Africa is altogether too harsh with its native peoples. It is sadly humorous to notice that the native in South Africa, however, holds an exactly reverse opinion and the fault he finds with the South African Government is that it is far too lenient in its administration of laws throughout the native populace.

L. Ron Hubbard

A Quote by Thabo Mbeki

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