LETTER: State-led strategy a recipe for disaster

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LETTER: State-led strategy a recipe for disaster
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The government is guided by outdated political and economic ideology, which is the antithesis of what our country needs

President Cyril Ramaphosa’s ominous assertion last week that SA’s economic recovery should be “state led” might not inspire confidence in institutional, public or private investors.

SA is blessed with excellent economists, highly successful business executives, well-informed journalists and academics and, perhaps most importantly, competent influential individuals such as the governor of the Reserve Bank, our finance minister, organised business leaders including Cas Coovadia of Business Unity SA and Busi Mavuso of Business Leadership SA, and a host of other leading citizens in our country.

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