Business leaders offer president tips to grow economy post elections

Here’s a suggested To-Do List from top chief executive officers, business lobby groups and economists on what could get growth going:The head of Africa’s largest bank by market value sees the main priorities as turning around electricity utility Eskom and following up on the State Capture inquiry by Deputy Chief Justice Raymond Zondo.

"The most significant obstacle to reducing input costs and, by extension, data prices is the fact that no new spectrum has been allocated in South Africa in the last 14 years," which has"curbed the pace at which data prices could’ve fallen."Aspen Pharmacare Chairman Kuseni Dlamini "We need to pursue global competitiveness as a national objective. We need to make sure that we create an enabling environment that encourages companies in different sectors to become global leaders.Investec Founder Stephen Koseff

"The issue of state capture needs to be dealt with. There are so many areas of abuse in our society that have been left unchallenged. All this stuff needs to start happening and we’re seeing some momentum. But it will take a long time to get us back on our feet. The last ten years really cost us a lot."Alexander Forbes CEO Dawie de Villiers

"For the investment community, economic growth is number one. What are ratings agencies looking for? Only four things: economic, fiscal and institutional strength; stability and continuance."In the government’s locus of control is to reduce government debt. They can do this by reducing the size of the cabinet, which will cut the size of the overall government. It can also reduce by a third the 700-odd state-owned enterprises. Eskom has 48 000 employees.

Fin24 Tip number one: exclude anyone whose wealth has more than quadrupled since the ANC took over. Tip number two: check the hidden wealth of the remaining ANC candidates' families. If there are remaining, check for pulse and other signs of life

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Business blames unions for weak economyBusiness says labour's inability to compromise on salaries at Eskom and unbundling has weighed on the economy True. A fragmented labour union environment is dangerous for any economy. They compete with each other instead of working in the interest of workers. I think that’s correct but ultimately the buck stops with government. Starting to feel the pinch too?
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

BUSINESS MAVERICK: South Africa is not the only regional economy with a debt problemSouth Africa was not the only economy in the region to suffer a lost decade or ‘nine wasted years’, to quote President Cyril Ramaphosa. In some ways mirroring Pretoria’s trajectory, many African economies have been racking up concerning levels of debt against a backdrop of relatively sluggish growth. Part of this stems from continued reliance on natural resources. The failure to diversify or industrialise is one reason why so much of the past decade has been lost.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business blames unions for weak economyBusiness says labour's inability to compromise on salaries at Eskom and unbundling has weighed on the economy Absurd!
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

Business blames unions for weak economyBusiness says labour's inability to compromise on salaries at Eskom and unbundling has weighed on the economy Tut tut, and business blames unions for not agreeing to 'more flexible' lower wages. Whilst unions blame business that in nature (farming) there is no room for poverty but reject land taxes which reduce the cost of entry to nature
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Richard Branson and 20 global business leaders sign pledge on LGBT+ rightsBrunei sparked outcry in April when it rolled out laws penalising sodomy, adultery and rape with the death penalty
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