By Busi Mavuso
Has Cyril Ramaphosa opted to win a popularity contest within the ANC rather than do the right thing for the country?
By Busi Mavuso
SA Breweries, Heineken and Consol Glass have frozen R13bn of investment. But that doesn’t begin to reflect how much investment we’re losing.
By Busi Mavuso.
It’s imperative to open up as much of the economy as possible without compromising Covid-19 safety protocols.
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.
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.
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.
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.
With alcohol sales locked down again, South Africa needs to make the economic recovery as urgent as our health response.
SA can’t afford to lose hope and resign to the worst. Business and government have to work together to ensure that the least amount of lives are lost and that the economy holds a promise of a better tomorrow.
Not all government debt is bad. The key is to ensure funds are geared towards growth-enhancing measures that will benefit the vast majority.
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