In a YouTube clip, Coronation co-founder and chair of Rootstock Investment Management Thys du Toit has urged the state to consider radical steps to boost SA’s burnt-out economy as it grapples with Covid-19. Suggestions include cutting taxes, ditching expropriation without compensation and, critically, creating an environment where entrepreneurs can blossom. We asked him if he had any confidence that the government was listening.

TdT: My YouTube clip really was aimed at making suggestions how we can get out of the fiscal hole that we will find ourselves in once we’ve gone through this pandemic. Government revenue will be under severe pressure; we already have an economy that is struggling, it will now be decimated. It is interesting, the criticism I have received from the government, where they see [my message] as political. It’s not political at all: it really is acknowledging that we have a fiscal deficit issue and we will have to do something to generate economic growth. The...

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