Business and economists response to new cabinet mainly positive

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Business sentiment was mainly positive for the new cabinet, with calls to work with the private sector to grow the economy.

Business and economists have responded mainly positively to the new cabinet announced by President Cyril Ramaphosa on Sunday night, although there are some questions about some ministers who were kept, while nothing was done about the size of the cabinet.

“We expected Senzo Mchunu to retain his position as minister of Water and Sanitation, as he was doing good work to rectify many problems related to the poor performance of his predecessors. Nonetheless, we believe he may be a good fit to assist with the professionalising of the police and address the lack of leadership that pervaded the police over many years.

“We have been steadfast and still maintain that for South Africa to successfully and sustainably tackle the challenges of poverty, unemployment and inequality, the country must move from a developing to a developed economy by ensuring that it delivers on the UN Sustainable Development Goals .” He would like to see the GNU expedite the implementation of necessary economic reforms, as the overall election message was a clear instruction to deliver. “The first step for the GNU in delivering change would be to establish a sense of urgency. Delivery at various levels of government must be pursued by the new cabinet urgently, consistently and strategically.”

“The new government has the formidable task of getting the country going and in particular usher a new chapter in its relationship and engagement with the business sector, a key social partner in the wider national objective of achieving inclusive economic growth and prosperity for all South Africans.

 

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