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SA has one of the most unequal societies in the world. The Gini coefficient declined only slightly between 2006 and 2011, from 0.72 to 0.69; change has been slow indeed.
The net operating surplus (NOS) for all SA companies (listed and unlisted) calculated from the Reserve Bank’s national accounts makes for sad reading. The NOS for all corporations, a useful proxy for company earnings, fell 3.8% last year, which is the worst result since the emerging markets crisis in 2008 when total NOS fell 2.2%. During the 2009 recession NOS fell 0.9%.
Global economic developments.
BETI shows slight improvement on a year ago, but below February numbers.
The strongest deterrent against FSP compliance missteps is or should be: