NEVA MAKGETLA: Bureaucracy has shown itself to be slow and risk averse
In the past the presidency shaped a coherent response to global crises — but not this time
It often seems that the Covid-19 pandemic has become only a bad memory, at least for those at the top of the economic pyramid. Broadly, as a group, managers and professionals lost almost no jobs during the recession. Now the malls are full, masks are off and meetings are increasingly in person.
As so often in SA, profound inequalities camouflage the crisis facing the majority of citizens, as underscored by Trade & Industrial Policy Strategies’ latest quarterly economic overview. Though highly qualified employees have suffered almost no job losses, employment among ordinary formal workers have shrunk by more than 500,000, or about 5%, since 2019...
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