The oligopolistic structure of the major sectors of SA industry that provide barriers to entry will have to be broken, writes Landiwe Mahlangu
The oligopolistic structure of the major sectors of SA industry that provide barriers to entry will have to be brokenWhat are the options open to finance minister Tito Mboweni, when he delivers the budget speech on Wednesday?
He will have to bring to effect inclusive growth by a combination of tax expenditures, incentives and concession. He has to demonstrate a shift from consumption expenditure towards investment and hope to shift the dial of Investment as a percentage of GDP significantly. The reimagining of state-owned enterprises , the renewed focus of infrastructure and the operationalisation of wealth funds will be some of those measures that Mboweni will be expected take.The minister will also hope that his gallery audience is also familiar with the strategy paper, “Economic transformation, inclusive growth, and competitiveness: towards an economic strategy for SA,” which includes focusing on network industries agriculture and tourism.
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