Reform in SA must focus on providing a more business-friendly environment
The pace at which meaningful reform is being implemented in SA is woefully inadequate if the country is to address its debt challenge in time
SA’s economic recovery relies on structural economic reform, policy certainty, business-friendly regulation that eases the cost of doing business, labour market reform, and functioning and cost-effective infrastructure.
This all needs to be achieved against the backdrop of a rapidly deteriorating debt trajectory. The government’s fiscal position, despite higher-than-anticipated tax collection in 2020, remains vulnerable. Although total tax revenue for the 2020/2021 year is higher than the predicted shortfall announced in October, it remains R213bn less than what was anticipated in the February 2020 budget...
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