Three years ago it became clear to me that SA’s economic situation had deteriorated significantly and would get worse because the government had nothing to offer except the same dish of structural reforms and austerity it has served with different spices each year.

At a Black Business Council conference I called for emergency measures to grow the economy. These included the suspension of the inflation target until the economy had an acceptable growth rate, an emergency interest rate cut of 200 basis points and a R500bn fiscal stimulus to be spent on infrastructure over three years.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.