Makhaya said the country ramped up its debt profile over the past 10 years but does not have much growth to show for it.Makhaya told attendees there is nothing wrong with the country spending money, but it is problematic when that spending does not translate into economic growth and that is what the country needs to start working on.
This investment drive helps because it deals with that part of the equation of having spending that will grow the economy, Makhaya told the panel. “If our growth were to accelerate suddenly our debt will look minuscule relative to GDP. So it’s absolutely crucial.”’ which took place at the Sandton Convention Centre on Tuesday ahead of the investment conference drive to help improve confidence in South Africa’s economy.
Makhaya acknowledged that although there has been some activity, it took place with some “contentions”.
Waste of time and money if you do not take econimic decisions that calms down existing investors and lure new ones.
South Africa needs a government that does not steal from the taxpayers who ensure the government has money to better the lives of all people born in South Africa
We need more talk and action that will result in the economy being fixed,talk about the past administration's shortcomings wont help us with a thing if no prosecution is done.
This country need a leadership which will take tough decisions and sometimes unpopular policies to take this country out of this doldrum. Decisions, decisions, decisions
No shame. It’s as if it was someone else’s doing.,. Not the ANC
So where has the money, which has increased our indebtedness, disappeared to? The government, as custodian, is squarely to blame for this unsavoury state of affairs. The government should stop deflected attention to hide its shortcomings. Get real. Get honest.
Loosely translated MYANC stole more. Let’s be honest, it’s not a black culture to grow and nurture, is it?
I am not an economic advisor and even I know that. It is not rocket science.
😂😂😂😂Madam the Government, SOEs and Municipalities ramped up their Billions they looted from the Economy and the Country's economic growth showed no progress!!
That's me eehh almost half a million has passed my hands although in small portions over the last 5 years , with nothing to show for it
We are debating these rather than the shenanigans of 100% Zuluboy
Whether these conferences will deliver, remains to be seen in the short/medium/long term
Remember we are now in an era/ phase which is alien to most of us; Never b4 did we have any significant investment conferences until CR rule
We pray for wisdom , May God work in that office.
Captain obvious
We are in deeper trouble than I thought...
I think some of these people are overrated.
K but creation of employment dololo😳😳
Looks everybody is an expert on “economic growth” as soon as they can spell it... no action but more “we need to”/“As A country we should”... 😤
Tax revolt coming very fast
The problem is the amount spent and on what it is spent. If you do not understand that, then SA is lost.
You guys need to fix Eskom in fact SOC
How many times must the wheel be reinvented and tested before it is optimally utilized?
Stooge of IMF
I would've said this myself
Until the next administration? Kahleni bo
Holding a conference is not an action step, it is just more talking.
Ha ha hah ha
More marketing, really? Fix the basics & investors will come running!