PETER ATTARD MONTALTO: Trying to solve all problems at once risks missing the opportunities
One must target what is most important in a resource-constrained world and hope the rest will follow
Does attempting to compact the deep divisions between conceptions of the economy ensure the failure of President Cyril Ramaphosa’s economic reconstruction and recovery plan (ERRP) and the recent medium-term budget policy statement (MTBPS)?
Failure would be setting the sights too low and accepting a return to only 1% growth, or indeed only returning to the previous 1.5%-2% growth average as inequality still rises. Success would be Ramaphosa’s 3% growth target — recouping the more than 2-million jobs lost this year — and maybe then nibbling away at the historic stock of unemployment (particularly of the youth)...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.