Business calls for clear policy direction in SA’s ‘unprecedented economic crisis’

The policy proposals from the Treasury require unambiguous support from the government, says Busa president Sipho PityanaThe frustration of business leaders with the crisis facing the SA economy was palpable on Tuesday as industry figures red-flagged glaring energy problems and lack of clear policy direction among the country’s ills.

There was little expectation that finance minister Tito Mboweni’s February budget would deviate from the depressing message of his October speech without a clear political decision to shift economic policy, said the president of Business Unity SA Sipho Pityana.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

What it always has been.. Choking business with taxes, over regulations, harassment by unions and alienation of business owners.

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Bring private power on board: Mining industry calls for action to end crisisThe mining industry body on Monday urged the government to bring on stream new private sector power sources to ease the power crisis that has pushed the country to the brink of recession. IPP's? Mining industry wouldn't even afford private power Not in the time of the weak RamaPussy.
Fonte: City_Press - 🏆 7. / 72 Leggi di più »