Policy incoherence is destroying the economy and jobs, says business
The Public-Private Growth Initiative has been launched at a Business Unity SA indaba in an effort to revive the economy
Policy incoherence and uncertainty has hampered business growth in the country leading to massive job losses, leaders of various sectors of the economy told delegates at a Business Unity SA (Busa) indaba on Tuesday. They said that the country continues to lose billions of rands in direct investment and the capacity to create millions of jobs due to policy confusion and weak government support. The gathering, hosted by Busa, is to try and find ways to revive the economy. While the government, business and labour have held frequent summits to formulate joint plans, the new Public-Private Growth Initiative (PPGI), which was introduced at the indaba, is advocating the formulation of five-year, sector-based plans. The PPGI — led by Toyota Europe and Africa CEO Johan van Zyl, the Gordon Institute of Business Science (GIBS) professor Nick Binedell, and former constitutional negotiator Roelf Meyer — has done work in 22 sectors, several of which made presentations at the indaba. CEO of agric...
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