ISAAH MHLANGA: A new compact is needed, with business at its centre

The mission for the government, business and labour is to halt the march of inequality, poverty and unemploymentStats SA released GDP figures for the third quarter this week, which told us the economy contracted by 0.6% on a seasonally adjusted and annualised basis. This disappointing outcome means that for economic growth to average the current economist consensus expectation for 2019 of 0.5%, the economy will have to expand by a whopping 4.1% in the fourth quarter.

If economic growth continues to decline, tax revenue collections will eventually decline too. Meanwhile, the need for critical social spending that holds the country from imploding hardly recognises that the coffers are no longer replenishing. This is a historical and current fact, but let’s look forward.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SAA will try to operate new provisional timetable now that company is under business rescue | IOL Business ReportSAA would try to operate a new provisional timetable after its directors adopted a resolution to place the company into a business rescue process. busrep busrep 'try'
Source: IOL - 🏆 46. / 51 Read more »

Business rescue will allow SAA to continue operating in orderly, safe manner - Gordhan | IOL Business ReportThe business rescue announced for cash-strapped national carrier SAA will allow it to continue operating in an orderly and safe manner. busrep
Source: IOL - 🏆 46. / 51 Read more »

DA pleased SAA will be put into business rescue | IOL Business ReportPravin Gordhan said that the next best option for embattled the state-owned South African Airways is to be placed into business rescue. Of course they will be, it’s been their tune for over a decade akere Can it be that afriforum “convinced”Luthulihouse ? WHO is pleased?
Source: IOL - 🏆 46. / 51 Read more »