Treasury plan breaks SA’s policy paralysis … now for some action
Focus needs to fall on micro and macro interventions to help raise growth rate
28 January 2020 - 15:43
Most growth transitions are politically determined. In this context, finance minister Tito Mboweni and the Treasury have taken the lead with the release of their latest discussion document. The challenge now lies in implementation.
Similarly, the recent formation of an economic advisory council must be welcomed since it is equipped with breadth and depth of expertise. However, it cannot be a substitute for political will and leadership in making the appropriate choices and trade-offs in executing economic policy — actions, after all, speak louder than words...
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