How business figures ‘debunk myth of investment strike’
Private enterprises’ percentage share of GDP is within the normal realms for a weak economy, economist says
As the silent war between business and the government continues to be waged under the dark cloud of a severe trust deficit, business is crunching the numbers to move on without the government. Underhanded campaigning between the two has included accusations of the president trying to capture the Treasury and business waging an "investment strike". However, Nedbank chief economist Dennis Dykes says "investment strike" is not an accurate description. "It’s not a deliberate campaign on the part of business to withhold large sums of money and not invest in SA." He explains that while it’s a perception that has been put forward, it is a misnomer. The percentage share of GDP occupied by business in SA is within the normal realms for a weak economy, he says. Business Leadership SA (BLSA) released a report last week aimed at debunking perceptions there is an investment strike in the country.The report points out that 57 BLSA members have contributed more than R1.9-trillion to the country’s ...
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