ANN CROTTY: Dear corporate executive, running a country is horrendously complex
Executive criticism may be sincere, but there’s no easy fix for SA’s woes
It has become fashionable for executives to complain about Cyril Ramaphosa’s government. It’s hardly surprising, given that we are now in year five of declining or stagnating per capita income.
The latest name to be added to a growing list of frustrated executives is outgoing Woolworths chair Simon Susman who says, in the group’s just-released annual report, that "much of government’s economic legislation over the past 25 years has been in spirit well intentioned, but in execution, disastrous for jobs and for economic growth". He says populist measures such as state control of state-owned enterprises (SOEs) and tough labour legislation have bled the economy of opportunity and freedom to grow.