Equality is needed for growth, but so is proper implementation of policy
Bottlenecks need to be removed, with a greater focus on efficiency than on restructuring
As President Cyril Ramaphosa accelerates “Thuma Mina” and his quest for investment, a question I often encounter in my interactions with investors — domestic and foreign — is where SA’s growth will come from, and when will it come? This question is usually accompanied by doubt over the government’s commitment to create an environment conducive to investment. Investors see and appreciate the National Development Plan (NDP), Industrial Policy Action Plan (Ipap) and national infrastructure plan, among others, whose growth prospects are well-articulated. However, it is not only communities that consider service delivery and implementation to be illusive — investors do too. Policy uncertainty has been triggered by contradictory political statements, with the result that there is a lack of credibility on promises to deliver. “Ever-pending” policies are already affecting current and prospective investments. When politicians talk to investors they often, correctly, raise transformation impe...
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