Interest rates and inflation the stars of 2012

In South Africa, 2012 became synonymous with the Marikana massacre in August and wildcat strikes that ensured the mining sector ground to a halt. 

Ratings downgrades, rising costs and a widening trade deficit caused headaches as the year drew to a close. 

But with it came the good: interest rates are at a near 40-year low and inflation has remained stable. 

The JSE’s all-share index has performed exceedingly well and, in the run-up to the ANC conference in Mangaung this week, big business united in lobbying the government. Bring on 2013!

PW Botha wagged his finger and banned us in 1988 but we stood firm. We built a reputation for fearless journalism, then, and now. Through these last 35 years, the Mail & Guardian has always been on the right side of history.

These days, we are on the trail of the merry band of corporates and politicians robbing South Africa of its own potential.

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