Tito Mboweni’s growth plan is radical but doesn’t go far enough - Saiba | IOL Business Report

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Tito Mboweni’s growth plan is radical but doesn’t go far enough - Saiba

Saiba said in a statement, " For example, who would have thought we’d hear an ANC minister call for exempting small businesses from certain regulations, such as bargaining council agreements, which are little more than a monopoly enjoyed by big business and labour. The left-wing of the ANC will fight this tooth and nail – but Mboweni will have to face down the hardliners in his own party.

Nicolaas Van Wyk, CEO of Saiba, said, “We think its a great document that will if implemented great new jobs and economic growth. Tito seems to be one of the few ministers with a clear grasp of reality, and of South Africa’s true potential. There is no real reason why we need to suffer as we do. We have been lumbered with a broken economy that resisted all efforts to fix it because of corrupt politicians and businessman who served no-one’s interest other than their own.

“Tito’s plan will work but only if we stop scoring own goals, playing the blame game and looking for scapegoats. Our political forefathers established our democracy on the basis that SA will become a rainbow nation. It may have worked at the time to heal and unify, but something toxic has intervened in pursuit of the ‘Rainbow Nation’, and that has been fully on display in the hearings of the Zondo Commission.

 

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