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.
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.
Business could mobilise its balance sheet if the state were an enabler
POSTED ON: July 14, 2020 IN Covid-19, Economic policy, Political economy by Admin
By Busi Mavuso
With alcohol sales locked down again, South Africa needs to make the economic recovery as urgent as our health response.
Hard lockdown’s possible return
POSTED ON: July 9, 2020 IN Covid-19, Political economy, small business by Admin
By Busi Mavuso
Better consultation between all stakeholders in the economy could help avoid some unnecessary pitfalls if SA has to revert to a hard lockdown.
Fight against Covid-19 will be carried out by municipalities
POSTED ON: July 7, 2020 IN Covid-19, Political economy by Admin
By Busi Mavuso
Amid evidence of maladministration and unauthorised expenditure, most municipalities are unable to cope with the Covid-19 pandemic.
BLSA CEO’s weekly – 6 July 2020
POSTED ON: July 6, 2020 IN BLSA CEO's Weekly, Covid-19, Energy, Political economy by Admin
By Busi Mavuso
An important background issue to get right as we face the Covid-19 crisis is that business and government must work together, while understanding our different functions.
We need to provide hope
POSTED ON: July 2, 2020 IN Economic policy, Infrastructure, Latest news, Political economy by Admin
By Busi Mavuso
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.
Actually, not all government debt is bad
POSTED ON: June 30, 2020 IN Covid-19, Economic policy, Political economy by Admin
By Busi Mavuso
Not all government debt is bad. The key is to ensure funds are geared towards growth-enhancing measures that will benefit the vast majority.
BLSA CEO’s weekly – 29 June
POSTED ON: June 29, 2020 IN Covid-19, Economic policy, Latest news, Political economy by Admin
By Busi Mavuso
As we gear up to drive an economic recovery, the downgrades of the Industrial Development Corporation and the Development Bank of Southern Africa make it more difficult for the two institutions to fund investment to support the economy.
