In a statement by Mr Ebrahim Patel, Minister of Economic Development, to the National Assembly on the framework for South Africa’s response to the International Economic Crisis on 20 August 2009 he said: “The recession was triggered by the global economic crisis and South Africa lagged many other economies in the timing of its impact on our production, employment and economic performance. Early signs were evident from late last year but the economic data released this year has confirmed the… Continue