Era of unbridled faith in the virtues of the market is now over
We can learn from the green new deal proposals in the US, and initiatives calling for a just transition and one-million climate jobs in SA
The year 2019 will undoubtedly be an important year for the Ramaphosa regime. The general election provides an opportunity to consolidate power, but it also poses a threat should a resounding win for the ANC not be forthcoming. While President Cyril Ramaphosa must focus on winning votes and consolidating party unity, he must also attend to the need to secure concrete economic gains, a process that has already begun through a variety of summits and meetings in 2018, and plans for economic recovery outlined in the recently-delivered state of the nation address. The South African economy has emerged from a recession that dampened Ramaphosa’s first year in office. Yet it is unlikely that the economy will create employment, reduce inequality and lift millions from poverty if bold actions are not taken in the immediate future. The corruption, nepotism and gross mismanagement of the Jacob Zuma era have undoubtedly had a devastating effect on the SA economy. But a mere clean-up and change i...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.