We need legitimate leadership and a credible state, Mcebisi Jonas says
Former deputy finance minister Mcebisi Jonas has suggested that SA’s poor and sluggish economic growth has its roots in illegitimate leadership and a state that lacks credibility‚ vision and professionalism.He said the country had grown at an average of 1% since 1990‚ saying patterns of inequality remained and unemployment continued to rise. "There is something fundamentally wrong with our economic growth model‚" Jonas said.He said to escape this low growth and high inequality trap‚ the country needed to radically increase levels of participation among the majority of citizens, who remained locked out of the economic mainstream.Jonas said the 1994 economic consensus had run its course and now the country was in desperate need of a new, inclusive growth consensus to take the country forward.Addressing the Department of Public Service and Administration’s annual general meeting in Pretoria on Monday‚ Jonas said SA urgently needed to expand and diversify the economy to build collaborat...
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.