Many reforms proposed by Mboweni aimed at lowering the cost of business and upping the performance of network industries are supported
Business Day columnist Claire Bisseker normally provides useful insights and analysis about the economy, but in her recent column , she made some fundamental factual errors, which raises the question whether she took time to read the ANC’s document.
Bisseker compounds her factual mistake, using her error as a foundation for erroneous analysis. She seeks to build up an elaborate — but baseless — argument that the ANC’s document “implicitly rejects the central thrust of Mboweni’s document, with its reliance on reducing state monopoly power to improve the efficiency of network industries and on regulatory reform to unleash the energies of the private sector”.
The ANC argues that in the wake of the Covid-19 pandemic, public, private and development finance will all need to be mobilised in a concerted manner to fund the country’s reconstruction effort. Furthermore, state capacity at national, provincial and local level will have to be improved through decisively overcoming problems of corruption and tightening up systems of accountability and co-ordination.
After years of delay, decisive progress will be required in telecommunications reform, including expediting digital migration and spectrum allocation to reduce data costs for households and firms. Similarly, the growth and job creation potential of energy-related investments, including green industries, must be fully harnessed, including through local production linked to the country’s energy investment programme, as required in the Integrated Resource Plan.
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