Former Reserve Bank governor Tito Mboweni has called for policy certainty and a resolution to political uncertainty to avert a credit rating downgrade, restore business confidence and grow the local economy faster. Mboweni addressed an Old Mutual Investment Fund function on Thursday night. While slow global growth was negatively affecting SA’s own economic growth prospects, something could be done locally to improve the outlook, Mboweni said. "Policy clarity and certainty is very important and we should start at the top: the unity of the Cabinet and clear communication." Other measures that could be taken included privatising certain state-owned enterprises such as South African Airways (SAA), respecting and trusting state and private institutions and appointing "competent and incorruptible professional people" to run state-owned enterprises.
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