BUSA says Parliament must act decisively to process the Phala Phala report to prevent both the public and investors from losing confidence in government
JOHANNESBURG - South Africa doesn't have an economic problem, it has a political problem and that instability is threatening economic growth.His organisation says Parliament must act decisively to process the Phala Phala report to prevent both the public and investors from losing confidence in government."There is a concern that if we don't deal with this decisively and quickly there will be ongoing instability," he said.
"And let's not forget that this is happening in the run-up to the ANC elective conference later this month which was already going to be pretty contested and now this muddies the waters in that conference. "That could create more uncertainty so you know, it's a big ask for politicians to actually look beyond their own interests and party political interest but I think this is the time when if politicians and across all parties do not act in a statemen-like manner and do not put the country first, I think history will judge them."Coovadia said considering the Phala Phala report has been in the works for months, government and ANC have no excuse for their lack of response.
"In this case, it is to the president and they should have planned how they actually respond to this. The president is still consulting I am told, that's why he wasn't at the NEC meeting either."
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