HILARY JOFFE: Compacting and consulting while the economy circles the drain
The President should have announced the agreed-upon plan forthwith
President Cyril Ramaphosa this week hailed the "ambitious social compact" crafted by the social partners at Nedlac as a historic milestone. It could yet prove to be - but that depends on the president himself, and so far the signs aren't so good. SA did not need yet another economic plan. But the president likes to consult ahead of (or instead of?) making big decisions. He is big on social compacting. If the economic recovery plan that was agreed on at Nedlac this week was what he needed to give him the comfort to implement urgent and long-promised reforms, it could be a big step. But the process hasn't turned out quite as it should have. First is the content. Business, government, the ANC and labour had each released their own sets of proposals on how to get SA's economy out of the crisis. When Ramaphosa attended an August 13 meeting with the social partners - business, government, labour and community - he requested a single document.
The intention, certainly as business saw...