ANC government must grow economy and not ideologies

11 September 2019

The South African government must do everything in its power to grow the country's economy and must set its impractical ideologies aside.

State capture, corruption, expropriation without compensation, prescribed assets, the National Credit Amendment Bill, sugar tax, Affirmative Action (AA) and Black Economic Empowerment (BEE) all contribute greatly to the fact that business and investor confidence are at an all-time low in South Africa.

The country's economy is on the verge of ruin as business confidence has plunged to the lowest level in 20 years.

According to the latest business confidence index provided by the Rand Merchant Bank (RMB) and the Bureau for Economic Research (BER), eight out of every ten of the 1800 participants are unhappy with the current business environment.

The fact that only one of the five sectors that were examined, namely the automotive industry, showed some improvement in the third quarter sets the alarm bells ringing for South African trade.

The government must follow a now-or-never approach or reap the bitter fruits of a failed state and extensive poverty.

Issued by Jaco Mulder, FF Plus MP and chief spokesperson: Trade and Industry, 11 September 2019