Government’s proposed radical social economic transformation, announced by President Jacob Zuma during his state of the nation address, is disappointing. Transformation has been slow but the government needs to seek market-led solutions.
Improved education and training and a thriving small business sector are recognised internationally as a prerequisite for solid economic growth and development. Enforcing artificial ownership transfers and introducing new tender provisos will simply lead to greater government expenditure and increased levels
Government should link hands with the private sector in a genuine search for economic solutions. The answers do not lie in measures that might scare off investors and further weaken economic growth.