RAYMOND PARSONS: Implementation of growth and fiscal plans could save SA from debt trap
Hopes are pinned on Economic Reconstruction and Recovery Plan and the medium-term budget policy statement
“I pass with relief from the tossing sea of cause and theory to the firm ground of result and fact,” Winston Churchill once said. For SA, the lingering effects of a “lost decade”, a painful recession, a harsh and prolonged Covid-19 lockdown, deep junk status and high policy uncertainty have all contributed to a tumultuous year of economic devastation and hardship. To top it all, two major ratings agencies have recently ceased to give the country the benefit of the doubt on an economy that has been in deep trouble for some time.
Most South Africans are now keen to move beyond the bad news. As SA contemplates its prospects and national agenda for 2021, surely the time has now come to create the bigger, stronger and better economy that has been promised for so long?..