The crucial message Team SA needs to take to Davos
The World Economic Forum is a golden opportunity to convince the world that SA is serious about stoking economic growth, writes Bonang Mohale
As leaders of business, we recognise the extent of the economic difficulties the country is confronted with, amid sluggish growth conditions and poor consumer and investor confidence. However, we believe that there exists now — more than ever — an urgent need to bolster our efforts and work closer together to pull the economy back from the brink onto a sustainable and inclusive growth path. We have been disappointed in the recent past that much of the work we set out to do has been hampered by a number of factors, including avoidable political and policy uncertainty. We believe that all the negative credit ratings actions that the country has suffered so far could — and indeed should — have been avoided, had the required structural reforms necessary to underpin sustained and inclusive economic growth been implemented. It is also disappointing that key sectors for economic growth and employment creation continue to operate amid uncertain industry policy, and there are still too many ...
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