No time for regrets, Mr President – IRR
17 November 2020
South Africa’s biggest problem is not the slow pace of reform, which President Cyril Ramaphosa said last week he regrets, but the government’s failure even to conceive of any meaningful reform capable of attracting the investment that is indispensable to economic growth and job creation.
So said Dr Frans Cronje, CEO of the Institute of Race Relations (IRR) on the eve of the third South Africa Investment Conference. The two-day event begins tomorrow.
Cronje was responding to President Ramaphosa’s remarks in Parliament last week in which he acknowledged that “had we acted differently [prior to the pandemic] maybe the situation that we are in could have been a lot better”. He added that “(we) delayed in embarking on our reforms which we should have embarked upon a lot earlier…”.
But this was not the problem, Cronje said.