By Busi Mavuso
Boosting confidence is critical for our economic recovery – easier said than done considering the tales of corruption around the management of the health pandemic.
By Busi Mavuso
The time for talking is done. We must now become obsessed with implementation – it’s the only thing that matters.
By Tebele Luthuli
Perhaps many South Africans have become apathetic about corruption because they never see things improving.
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.
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.
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.
The need for transparency increases dramatically especially when lockdown decisions could destroy the livelihoods of millions of citizens, as the alcohol ban does.
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.
With alcohol sales locked down again, South Africa needs to make the economic recovery as urgent as our health response.
Better consultation between all stakeholders in the economy could help avoid some unnecessary pitfalls if SA has to revert to a hard lockdown.
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