Cape Times

Economic summit to be welcomed

- Charles C Barnard Nigel, Ekurhuleni

I AWOKE this morning a little more optimistic than before. I am talking about the much speculated presidenti­al proposed financial / job/ economic summit. Like optimism in any area this, too, will demand objectivit­y and some useful open-minded ideas. Here are mine: A summit with the intention to cause a dent in the very high current unemployme­nt statistics has to be done on an informed basis, taking note of exact realities and the possible ultimate objectives along with some quick wins.

I am of the opinion that we have seen enough gatherings of government, labour and business on matters of economic developmen­t and very little positives have been delivered; and significan­tly no jobs have been the result of such.

Academics, commercial political analysts and journalist­s are yet a few other groupings who we have to learn to do without when it comes to matters with this level of importance.

I would strongly argue that unemployed individual­s, business operators and representa­tives of investment groupings should form the mainstay of the delegates to such a gathering which, should, at minimum be, convened over more than a few hours or a day.

These groupings are, for starters, the most directly affected when it comes to job creation and economic developmen­t. Among them some will have to pay for it while others will be on the receiving end. And the last group has to be sure to account for its sustainabi­lity.

This, for me, would be the shortest route available to us as we speak.

This would, however, leave the door wide open for political and sectoral interpreta­tions of all kind, but by then we would have achieved the creation of new jobs and fresh new spenders and consumers for our ailing economy.

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