Discovery Group CEO Adrian Gore says South Africans must be optimistic to unlock the nation’s potential.
Despite the energy crisis, widespread corruption and physical decay, Discovery Group CEO Adrian Gore remains optimistic., Gore said that data shows South Africa has unique capability and promise, paired with a resourceful and adaptable population.
If the country could address the energy crisis and other ills, the economy’s potential could be unlocked. Whereas seeing potential through optimism makes people more enraged by failure, such as the energy crisis. Those who are optimistic seek potential through action, he said.In reality, although South Africa has constructive policies, the state is moving too slowly to achieve any of its objectives, while the public sector is breaking down, leading to corruption and incompetence, Gore said.
Fast-tracking the private sector participation framework to improve the operation of the nation’s logistics infrastructure. South Africans have also had to deal with high inflation, with CPI data from StatsSA showing that inflation grew in February to 7.0% from 6.9% in January. Monetary Policy Committee decided to hike interest rates by 50 basis points to try to bring prices under control.
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