FACED with an economy that has been in decline for more than a decade, and given the slowing demand from our trading partners, the state of the nation address should have emphatically pointed to a radical and fundamental policy shift concerning the strategies that are aimed at economic regeneration and the way we need to engage with business to develop a shared strategic vision.The National Development Plan (NDP) is frequently being punted by the government and some private sector business leaders as the magical instrument that will provide the "radical" economic transformation that is required to propel SA on an accelerated and labour-intensive growth trajectory. The fundamental question that we have to deal with is whether the NDP will indeed deliver the desired outcomes?The reality we must face and acknowledge is that our economy has been shedding jobs consistently in all major formal sectors for more than 20 years as the key drivers of production gradually shifted from labour to...
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