Tito Mboweni’s turnaround plan: Time to act
Endless consultation is getting SA nowhere; it’s time for the government to choose its economic policies and urgently implement them
Thirteen years ago, the National Treasury identified the binding constraints to economic growth in SA, but its policy response was shelved for lack of political capital. Last week, it released a new plan to overcome those same constraints. But judging from the outrage on the Left, politics may once again prevent SA from achieving economic lift-off.
The Treasury’s discussion document, "Economic Transformation, Inclusive Growth, and Competitiveness: Towards an Economic Strategy for SA", prioritises the reforms likely to have the greatest impact and speed up policymaking in the face of an urgent economic crisis.