Increase in quantity and quality of investment will spur on dynamism
Pull out all the stops to attract more productive private sector input and funding
The release of SA’s appalling first-quarter GDP growth data was a shock. The 2.2% GDP contraction requires us to urgently take stock of the strategic priorities of our government — it must put in place and implement the correct policies needed to drive economic growth. In SA building economic dynamism is urgently needed. If nothing else, the economy has to generate more jobs for the vast numbers of the unemployed and underemployed, especially among the youth. Over the longer term it is equally necessary to raise productivity and increase the country’s global competitiveness. And the key to building economic dynamism at this juncture in SA lies in investment and the intellectual property that comes with it. The President has appointed four capable individuals to spearhead this crucial task, namely Mcebisi Jonas, Phumzile Langeni, Trevor Manuel and Jacko Maree. But structural reform carried out by a functional and agile state is required before their efforts will have measurable impac...