LETTER: Empower the disadvantaged, not the cadres
It is not just structures that need to be reformed, but policy too
Finance minister Tito Mboweni continues his lonely campaign for structural change (“Structural reforms — not spending — are the best way to achieve growth (https://www.businesslive.co.za/bd/opinion/2020-07-14-tito-mboweni-structural-reforms-not-spending-are-the-best-way-to-achieve-growth/)”, July 14). Yet SA finds itself at its current juncture largely due to choices made by the government and the ANC. To deliver a sustainable future, new choices will need to be made.
Structural reforms will not be possible without corresponding policy reforms. Expropriation without compensation threatens businesses while offering nothing to address the deficiencies of land reform — and the underlying idea that the state can confiscate private property has arisen in spheres other than land. Until this is taken off the table SA will struggle to get the investment it needs, both foreign and domestic...
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