JOHANNESBURG –
State officials met business and labour-union representatives on August 13 to discuss ways to revive an economy set to contract this year by the most in nine decades. Industry delegates offered a 900-slide presentation and labour groups showed “detailed” proposals, with the government presenting a 17-slide “draft” plan, Business Leadership South Africa chief executive Busi Mavuso said on Monday.
“It appeared to have been pulled together at the last minute from a variety of different sources without any discussion between them,” Mavuso said. “There are good people – inside the Presidential Economic Advisory Council and among the analysts at National Treasury, for example. But why are they not being mobilised to do the research to form a coherent plan?”
This is the worst economic crisis of our lifetimes. Labour and business have presented detailed plans, but why hasn’t government? I look for reasons in my weekly newsletter.
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