Pravin Gordhan

Accelerated and Shared Growth Initiative for South Africa (ASGISA), Anti-business, Anti-poor, Black economic empowerment (BEE), Black-owned businesses, ECONOMIC POLICY AND STRATEGY, Entrepreneurial activity, Job creation and unemployment, Land reform, Preferential procurement, Processors

Ready to choose a San hunter rather than a Sherpa guide for mountaineering? Dlamini-Zuma on Radical Economic Transformation

When Nkosazana Dlamini-Zuma announced her Manifesto for Change, she reminded me somewhat of the stern Mother Abbess singing “Climb every Mountain” for Maria (Julie Andrews) in The Sound of Music.

Definitely not her voice, but her words… Dlamini-Zuma summoned support for Radical Economic Transformation (RET): “We must know which hills to tackle next. …(t)hese are the mountain of economic transformation, the highland of land redistribution and the summit that must see us educating and skilling our people. If not, the negatives will swallow the gains we have made.”

Mother Abbess

Marvellous libretto…

Continue reading “Ready to choose a San hunter rather than a Sherpa guide for mountaineering? Dlamini-Zuma on Radical Economic Transformation” →

Anti-business, Business and economic indexes, Competitiveness, Cooperatives, Crime against business, Enterprise friendly environment, Job creation and unemployment

Zuma, Gigaba & Zwane contribute to SA’s slippage on WEF’s Competitiveness Index… in “favouritism in public decisions” SA ranks amongst the worst

Were it not for the relative good performance of South Africa’s private sector, the slippage by 14 places on the WEF’s World Competitiveness Index would have been much much worse. And there is strong evidence that Jacob Zuma, Malusi Gigaba and Mosebenzi Zwane each pulled their weight in efforts to contribute to lower rankings on some of the indicators… Continue reading “Zuma, Gigaba & Zwane contribute to SA’s slippage on WEF’s Competitiveness Index… in “favouritism in public decisions” SA ranks amongst the worst” →

Anti-poor, Black economic empowerment (BEE), Credit risk ratings, ECONOMIC GROWTH/ANTI-GROWTH FACTORS, ECONOMIC POLICY AND STRATEGY, Investment/Divestment, Opportunity tax, Preferential procurement, State Owned Enterprises (SOEs)

With Gordhan out of the way Gigaba seems keen to embark on an anti-growth and anti-poor strategy

527e9cc98823484098ee608a317cda69 — Malusi Gigaba (GCIS)

One would expect Malusi Gigaba as new Minister of Finance to consider avoidance of further down-grades by rating agencies as his top priority. Policy confusion and instability coupled with growth unfriendly strategies already caused the Fitch and the Standard & Poor downgrades. However, Gigaba’s comments yesterday indicated that he is more concerned about growing black owned enterprises than about growing the economy or receiving value for public money. Continue reading “With Gordhan out of the way Gigaba seems keen to embark on an anti-growth and anti-poor strategy” →