More spectrum and changing visa rules could boost economy, says Kuben Naidoo
The Reserve Bank deputy governor also says policy uncertainty is ‘hobbling investment’ and skilled migrants in the country could create four unskilled jobs each
08 August 2019 - 11:45
Removing policy uncertainty in SA, allocating new broadband spectrum and changing visa regulations could immediately boost the country’s flagging economy and reduce the crisis-level unemployment rate, Reserve Bank deputy governor Kuben Naidoo said.
While the central bank has long called on the government for structural reforms to lift economic growth, its senior leaders have, until now, been reluctant to flag specific changes that could be made and have simply said these fall beyond the scope of monetary policy and the inflation-targeting mandate...
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