Competing interests hamper structural reforms, says Kuben Naidoo
The structure of the government renders it ‘entirely incapable’ of making coherent decisions on trade-offs
02 March 2021 - 18:37
SA’s inability to make trade-offs between competing interests is hampering the implementation of growth-enhancing structural reforms, says Kuben Naidoo, a deputy governor of the SA Reserve Bank.
Extreme inequality in SA that persists even after apartheid ended in 1994 means the country does not have a large enough middle class to play a stabilising role in policymaking, Naidoo said on Tuesday at a web conference hosted by the University of Johannesburg...
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