Much hard work still needed for SA

Financial Mail - - YOU SAID... - Ted O’con­nor Al­bert­skroon

“Why Ramaphosa’s plan falls short” (Ed­i­to­ri­als, Septem­ber 27-Oc­to­ber 3) points out the many hur­dles yet to be cleared in SA.

Pres­i­dent Cyril Ramaphosa has the her­culean task of restor­ing the state’s health, but our cof­fers are bare. The stim­u­lus pack­age he an­nounced falls far short of restor­ing growth; he needs to take a scalpel to the prob­lem — fire non­per­form­ing min­is­ters, en­gen­der good­will from busi­ness, rein in the unions, down­size the pub­lic ser­vice, auc­tion the as­sets of state-owned en­ter­prises, drop the na­tional health in­sur­ance project and clearly ar­tic­u­late how the land [ex­pro­pri­a­tion] will be fairly dealt with (much hinges on this).

Though for­mer pres­i­dent Thabo Mbeki had a vi­sion of broad, sun­lit up­lands, his suc­ces­sor, Ja­cob Zuma — with his com­mu­nist and trade union al­lies — con­signed this to the waste bin. As pres­i­dent, Zuma ab­ro­gated his author­ity, al­low­ing his cor­rupt cronies and the Gupta fam­ily ac­cess to the coun­try’s trea­sures. They unashamedly de­nied the poor their share of the na­tion’s wealth.

Beg­ging for loans now is no so­lu­tion — it would only add to our un­man­age­able debt bur­den.

We need to at­tract for­eign in­vest­ment with a wel­com­ing en­vi­ron­ment, and cre­ate more in­dus­tries and labour op­por­tu­ni­ties. Even then, the hard yards will still have to be cov­ered.

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