PATHFINDER
SIPHO PITYANA: Let’s focus on structural reform
There is an urgent need for the government and business to work together to find new ways of rising to SA’s challenges
There has never been a greater need for resolution around the structural reform of our economy. But the time for urgent and decisive action is today.
Finance minister Tito Mboweni’s medium-term budget policy statement last month, the crisis in state-owned enterprises (SOEs) — with SAA and the Passenger Rail Agency of SA dominating the news — and the never-ending Eskom saga all indicate that the state coffers can’t be relied upon to reposition the economy and drive recovery. This is particularly so, given projections that the SA Revenue Service’s tax collection is conservatively estimated to be down by about R50bn in the current financial year...
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