A clear plan and tangible action on some of SA’s most pressing problems must be priorities in finance minister’s delayed maiden Medium Term Budget Policy Statement
Finance minister Enoch Godongwana. Picture: GCIS
SA has suffered a setback from not carrying out the bold reforms that the state-owned sector of our economy so desperately requires. This is not a cyclical crisis, but a structural one that has been worsened by stagnant growth. Three policy interventions are required: Government currently has a target of spending R1-trillion of mostly private money over the next decade on infrastructure. SA’s infrastructure programme will only work if it crowds in private capital. Government needs to create a good balance between social infrastructure and economic infrastructure. Both must be aimed at improving job creation and stimulating economic growth.
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