Advisory economic council is good news — now it needs to thrash out its role
High-powered team will have to co-ordinate with and complement existing structures
SA needs the best economic advice it can get given the state of the economy. From this perspective, President Cyril Ramaphosa’s appointment of an 18-member economic advisory council (EAC), as promised in a past state of the nation address, is a positive development.
The EAC members are of strong intellectual calibre, are drawn from the ranks of academics and practising economists, and include a couple of non-SA experts. It is a credible, balanced, high-powered team that can bring its collective expertise to bear on SA’s pressing challenges of turning the economy around and creating more growth and jobs...