Ron Derby's column, "Bereft of strategies, corporate SA is still blaming woes of the past" (March 17), is an important contribution to the debate about what we need to doto make our economy grow in an inclusive and sustainable manner and to create jobs for nearly 10-million, especially young South Africans. Coming just days after two of the largest banks announced a new round of job cuts and as the government is mulling cuts in the public service, the column is also a reminder of the limits of what the government and big business can do to facilitate a job-creating and transformative economy. It is no wonder small and medium enterprises are at the heart of the National Planning Commission's job-creation vision. In essence, Derby's intervention, which should be read by everyone who is committed to inclusive growth, shows corporate SA (read big, listed businesses) has built a reputation of efficiency on the back of cost management rather than revenue growth. But new earnings reports s...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now