The government needed to radically think about how the economy would function if it was to grow and become the engine for job creation.
Corruption, government incompetence and policy paralysis have plunged South Africa's economy into a crisis.Even as a wave of hope and optimism swept over the country yesterday, thanks to the heroes’ welcome for the all-conquering Springboks, experts were warning that South Africa is on the brink of economic collapse, brought about by corruption, government incompetence and policy paralysis.
What would tip the country over the brink “is to continue on the path that we have set in this MTBPS of further fiscal consolidation. It is unlikely to deal with our debt problems”, she said. “The question is, what has the government done to assist municipalities to be able to collect enough revenue on their own so they can pay a score,” he said.
“We also need to enforce the social beneficiation agreements in the mining sector, because the mining sector is the bedrock of our economy,” Shopola said.
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