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Business outlines accelerated economic recovery plan

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If the government takes the right actions now, SA is ‘capable of delivering economic growth of 5% per year, doubling GDP over the next 10 years’, says Business for SA

Business for SA has published detailed proposals for an “accelerated economic recovery”, which it says cannot be funded by the government alone and will require private-sector involvement in building economic infrastructure.

But, this will require “committing to unavoidable, though difficult, decisions in the interests of the nation,” it says. Many of these items have been on the government’s agenda of “structural reform” for many years without demonstrable progress. The Treasury, the SA Reserve Bank and international finance institutions have repeatedly said that it is only through such reform that SA’s can escape its low-growth trap.

 

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