Reality bites with IMF loan
POSTED ON: July 29, 2020 IN Covid-19, Economic policy, Political economy by Admin
By Busi Mavuso
SA is being bailed out by the IMF because we can’t finance the Covid-19 battle ourselves. That’s because of our low growth over the last five years.
Corruption is still rife
POSTED ON: July 27, 2020 IN Covid-19, Political economy by Admin
By Busi Mavuso
President Cyril Ramaphosa’s address to the nation last week was focused on growing corruption around funds dedicated to our war against Covid-19. A sad state of affairs.
BLSA CEO’s Weekly – 27 July
POSTED ON: IN Covid-19, Employment, small business by Admin
By Busi Mavuso
Scenes of police using water cannons against protesting restaurant workers in Cape Town were shocking. People have a right to protest.
Another resignation at an SOE a cause for concern
POSTED ON: July 23, 2020 IN Politics, SOEs by Admin
By Busi Mavuso
The CEOs of SOEs have to reform them. That’s their function and they need to be backed if SOEs are going to be part of the solution to the deepening economic recession.
Women and youth feel the pain of tourism shutdown
POSTED ON: July 21, 2020 IN Covid-19, Employment by Admin
By Busi Mavuso
If supporting women to become financially independent is among the state’s priorities, denying women and youth the ability to earn a living due to lockdown of industries such as tourism, is the ultimate contradiction.
Interview: SA’s problems precede the virus
POSTED ON: July 20, 2020 IN Covid-19, Economic policy by Admin
An IMF loan through its stand-by arrangement means SA would have to sign up to conditions. While on the surface it is presented as not being a loss of sovereignty, in reality it is.
BLSA CEO’s weekly letter – 20 July
POSTED ON: IN BLSA CEO's Weekly, Covid-19 by Admin
By Busi Mavuso
The need for transparency increases dramatically especially when lockdown decisions could destroy the livelihoods of millions of citizens, as the alcohol ban does.
A trap long set
POSTED ON: July 19, 2020 IN Economic policy, Political economy by Admin
By Busi Mavuso
SA’s application for $4.2bn from the IMF exhausts the ‘conditionality free’ money; the next step will be borrowing based on harsh but necessary conditionality.
Where will more money for SAA come from?
POSTED ON: July 15, 2020 IN Covid-19 by Admin
By Busi Mavuso
Quite simply, the restructuring of SAA into a commercially sustainable airline is too expensive for the state to fund.
Implementation is key to B4SA’s economic recovery plan
POSTED ON: IN Covid-19, Economic policy by Admin
We extend unwavering support to Business for South Africa (B4SA)’s economic recovery plan in its response to the Covid-19 pandemic and the economic shock it has caused.