Deal swiftly with state capture allegations to get economy going, says Patel
Economic Development Minister Ebrahim Patel also said the competition authorities could be given wider powers, to tackle high levels of concentration in the economy
The state capture allegations should be dealt with "honestly and swiftly" as part of the roadmap to getting SA back on the economic level where it needs to be, Economic Development Minister Ebrahim Patel said on Monday. Patel was addressing the breakfast briefing hosted by the Progressive Business Forum at the ANC’s fifth national policy conference in Soweto, Johannesburg. Patel said SA’s economic circumstances were challenging, given the technical recession "that can potentially deepen" and the downgrade of SA’s credit ratings to junk status, which had affected investor confidence and the cost of paying back debt. He said the "roadmap" to move from where the country is, to where it must be, consisted of at least four elements: a credible growth plan and the successful implementation of policy; transformation of the economy to make it more inclusive; instilling integrity in government; and deepening the partnership with the private sector, organised labour and other stakeholders. Fo...
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.