The recent debate on SA’s economic policy proposals does not appear well co-ordinated and risks placing the country in what McKinsey has described as an infrastructure paradox. This is a condition when there is insufficient investment in infrastructure projects even when there is high demand for projects, adequate supply of capital, high appetite for alternative assets by investors and a large number of projects.

This risk is rising because policymakers are failing to make hard trade-offs, a point loudly made by none other than the governor of the SA Reserve Bank, Lesetja Kganyago, in a recent Twitter Spaces conversation hosted by former Business Day editor Songezo Zibi...

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