NATIONAL DEVELOPMENT PLAN
CYRIL RAMAPHOSA: SA needs to be cleaned up to make it attractive for investment again
The country is experiencing its worst economic crisis since the defeat of apartheid. Unemployment is rising, the proportion of South Africans living in poverty has rebounded to the extent that 30.4-million people — 55% of the population — are living below the poverty line. Investment levels are falling, economic confidence has collapsed and the country’s fiscal position has deteriorated. Urgent action must be undertaken to turn the economy around. To stimulate growth, create more jobs and improve people’s lives, SA needs committed and capable leadership in the government, business, labour and civil society. These social partners should collaborate to improve governance and agree on an ambitious plan for economic recovery. Blockages to business activity must be removed. Regulatory uncertainty must be reduced, red tape cut and broadband costs lowered. Standoffs such as the dispute between the mining industry and the mining minister should be resolved as a matter of priority. Such disc...
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