BUSINESS MAVERICK: What’s going on with the Public Private Growth Initiative? A lot more than you might think

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BUSINESS MAVERICK: What’s going on with the Public Private Growth Initiative? A lot more than you might think By Tim Cohen

Ever since South Africa’s constitutional negotiations, Roelf Meyer has had the uncanny ability to look at a totally impossible situation and say to the world – and sometimes perhaps to himself – this is eminently fixable. “We just need to…” And we are off. Along with that remarkable gift goes a really remarkable ability to be credible in the face of adversity, constructive in the face of cynicism and disbelief and to have a certain gift of the gab.

During the Zuma administration, it would have been unthinkable. And it’s worth remembering that during the Mbeki administration the interaction between business and government was between a select group of local and foreign businesspeople in what was really a conversational effort. The focus on the same outcome, despite differences of function and belief, reminds Meyer of the constitutional negotiations: “There is a bit of deja vu.

How is it actually working? The root concept is pretty simple. Private sector organisations undertake to create a certain number of jobs and make a certain amount of investment against a sectoral “master plan”. Government, for its part, undertakes to understand the “impediments” – and that word comes up repeatedly – to putting the plan into action. And to remove them.

Much depends on the state of the industry and some are starting from scratch because the industries involved have never had functional associations, possibly for competitive reasons, but presumably also due to wariness of the country’s competition laws. But the existence of the PPGI means some industries have a reason to collaborate for the first time. One example of this is the ITC sector, says Meyer. “A year ago, they were not organised.

 

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