Entrepreneurs and SMEs will not benefit from Ramaphosa’s economic plan
Innovation and business growth come from entrepreneurs — if they cannot operate more freely, who will make it happen?
The economic reconstruction and recovery plan announced by President Cyril Ramaphosa on Thursday offers little new information to save our economy from complete destruction, and nothing new to encourage entrepreneurs and small businesses.
Like the rest of the world, SA and its economy face unprecedented times as a result of Covid-19. This situation is not a normal economic downturn, and we cannot address an abnormal economic cycle with a normal response. This plan offers only the normal response we’ve seen before...