Efficient Group chief economist Dawie Roodt said there are two quick wins government could focus on that would improve business confidence.
Efficient Group chief economist Dawie Roodt said two quick wins for the government to improve business confidence are to clean up the country and fix the traffic problems.
Reserve Bank governor Lesetja Kganyago said extensive load-shedding and logistical constraints resulted in it cutting its GDP growth forecast for 2023 to 0.3%. Combined with rising food prices, it creates a toxic mix where citizens may take to the streets and resort to violence. However, all is not lost. “There are two simple things President Cyril Ramaphosa can do to regain some confidence in the South African economy,” he said.– The president must say South Africa is filthy and everyone must join an initiative to clean the place up.Roodt said although these two things sound simple, they will help to build business confidence and give investors a more positive view of the country.
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