Solidarity announces Covid-19 economic recovery plan
20 April 2020
Solidarity today announced its Covid-19 economic recovery plan. This plan offers a comprehensive analysis of past economic crises and how South Africa’s response in the past has led to stagnation and poor growth. The plan also contains proposals on how to now take the right decisions at this critical juncture.
Solidarity’s plan was submitted to the President and to Ministers Ebrahim Patel and Tito Mboweni.
Dirk Hermann, Solidarity’s chief executive, explains: “Our plans address every aspect of the economy.”
According to Solidarity’s economic recovery plan, South Africa must urgently apply itself to create a more dynamic labour environment. The business world must be liberated from oppressive regulations and trade restrictions. Furthermore, South Africa’s fiscal position needs to be improved by cutting government spending and by getting rid of all non-essential state-run institutions. Also, more money needs to be put in South Africans’ pockets by reducing the tax burden. Furthermore, according to the plan, it is non-negotiable that harmful policies that undermine trust and certainty, such as expropriation without compensation and the national health insurances must be rejected immediately. Finally, the absolute need to decentralise South Africa’s energy sector is also highlighted in the Solidarity plan.