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Byline: Claire Bisseker
Riding to the rescue As the impact of the global financial crisis begins to tear into SA's economic fabric, the presidency has set up a Nedlac task team to devise a rescue and response package. But given the differing views of business and labour on how to run the economy, achieving consensus by the February deadline will be a tall order.
Unlike the US, UK and eurozone, SA does not have to pour billions into its banking sector to prevent systemic failure and lubricate credit markets. But as job losses and company closures mount, the question is whether SA's fiscal and monetary policies need to be placed on a war footing.