Anti-business leaders doom SA to spluttering economic growth

South Africans should cast their votes for parties whose policies do not see business as evil but as job creators who contribute to people's welfareAll politicians say they want to help the country prosper, but far too much of what passes for policy proposals would do no such thing. Too many political parties have not thought sufficiently and carefully about what drives growth.

Add to that the dividend flows that finance retirement for both private- and public-sector workers, and the fact that business provides all but a small fraction of the goods and services that households consume every day. Dubious as these claims are, it is undoubtedly easy to make them because SA’s electorate has been primed to see business as the villain, a casting that plays off the country’s exceptionally high levels of inequality, the blame for which is widely interpreted to be a consequence of business’s greed, which supposedly drives down wages.

That some politicians and parties have such profoundly negative views of business is therefore a major constraint on SA’s development. This is because of the fear of firms and investors that such views will translate into antibusiness policies.

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