SA’s private sector has the answers, resources and expertise to help fix the current economic issues and catalyse growth for future generations.
With SA grappling with a weakened economy and recessionrisks, significant fiscal red flags have been raised in the 2023. The five top threats in the opinion of SA executives and experts who took part in the survey include state collapse, the debt/fiscal crisis, demise of services and public infrastructure, the cost-of-living, and the high unemployment rate.
sees National Treasury’s push to establish a PPP mechanism for energy transmission as the single most important part of the budget because transmission is the major constraint to ridding SA of load-shedding. In addition, the announcement that the Treasury is planning legislation to remove regulation 16 of the Public Finance Management Act , which governs PPPs, and replace it with a risk-based framework is good news for the private sector. This may well assist in transforming capacity problems at all levels of government to move infrastructure development forward far faster.
“Doing good” in financial terms doesn’t have to be unsustainable. There are strategic ways in which sustainable and socially impactful investments and regulations and government policies can be structured to encourage growth, multiply further development and produce great returns. We believe it’s not only a responsible avenue, but one of the few avenues available that boost economic growth.
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