Constrained financial resources and limited room to raise additional taxes, together with increased needs such as housing, subsidised university fees, national health care and pension fund provisioning, mean the private and public sectors need to unify behind a strategy to aggressively drive economic growth. SA is not immunised from the global economy, with its litany of uncertainties that include Brexit, terror attacks and the election of Donald Trump as the US president. Though the country managed to weather the 2008 economic downturn, it didn’t ride that wave by making it easier to conduct business with and within SA. A greater focus on structural reforms, policy certainty and a more focused public service would improve SA’s economic health. In these highly uncertain times, many of SA’s trading partners are facing political and economic difficulties, and their current inward focus is likely to affect the economy. To minimise that impact, SA needs to ensure that it is highly attra...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.