SA does need radical economic transformation. Growth is snail-paced and inequality is increasing. The fog of political patronage is debilitating investment and future generations are ill-equipped to thrive in a changing economic landscape. Old ideas are tearing us apart rather than binding us together. SA and the world need a utopian unifying vision, radical ideas transformed into good policy and efficiently executed solutions. Together, we must close the inequality gap, lift people from poverty, set a base for economic growth and create a foundation for a coming society without jobs inevitably driven by technological advancements. Radical economic transformation was a key theme of President Jacob Zuma’s chaotic 2017 state of the nation address. However, the ideas and interventions proposed were reactionary, vague and, at best, imply a transfer of wealth from the very rich to the relatively well-off. At worst, it would transpire as a transfer of wealth based on patronage. It is not ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now