Tito Mboweni should outline tangible structural reforms which will lead to development of provincial economies: “It cannot be correct that in a country with nine provinces we only depend on three – Gauteng, KZN and the Western Cape,” says George Sebulela
Such reforms will significantly change the fabric of the country’s economy, according to the president of the newly launched SA United Business Confederation George Sebulela.
“Provincial economic development is something that has never been on the agenda [particularly during budget speeches] and I am not sure why.The very same people will continue to loot and be inefficient because the current deployment policy is based solely on comradeship rather than things such as skills, experience and qualifications.
“That is the process. It needs to be reformatted because the way things are currently done is not effective and sustainable to grow the economy.”Sebulela was sympathetic to Mboweni. He said: “Being a finance minister right now is a difficult position to be in.”“At this point in time, there is no way, under any circumstances, that we can say the country is doing well. The recent Moody’s Investors Service growth downgrade from 1% to 0.
For Sebulela, the distribution of social grants is an issue that also needs to be addressed urgently. However, Sebulela added he was left less than impressed on Ramaphosa’s stance on entrepreneurship. “Government is a policy driver and it must create policies that will ensure that entrepreneurs can excel,” he said.
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