By Busi Mavuso
The remuneration of CEOs and senior executives is a sensitive topic in SA given high levels of income inequality – but it’s an important issue globally.
“We have got to make it really easy to do business.” With that underlying message, Minister Godongwana hit all the right notes in his address to the Sunday Times Investment Summit last week.
By Busi mavuso
The news of the surplus is positive and more importantly, it helps regain some credibility in markets for a Treasury that has taken a knock in recent years.
By Busi Mavuso
Inflationary pressures, if sustained, suggest that we should focus on fiscal and policy reform to ensure that our economic rebound from last year’s catastrophic collapse continues.
Last week, we got bits of economic data reflecting the effects of the July unrest. The RMB Business Confidence Index slumped back into negative territory (below 50 points) in Q3, falling seven points to 43.
The current Level 3 runs to 15 October – that is too long to wait. A shift to level 2 should happen sooner.
I want to add my welcome to the incoming president Bonang Mohale and deputy president Adrian Gore, who are taking up the leadership of Business Unity South Africa (BUSA) at this crucial point.
I feel positive that we are moving in the right direction, both on the vaccine programme and the economic policy changes needed.
If we thought we had a jobs crisis on our hands before this pandemic, we now we have something much, much larger than we had ever imagined.
The green paper on a new social security reform programme would be debilitating on workers as they would have to contribute between 8% and 12% of their earnings.
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