Public-private partnerships, rule of law and infrastructure investment will spark economic growth, experts tell ActionSA
14 June 2023
Public policy experts, economists and academics encouraged ActionSA to consider expanding private participation in the economy through public-private partnerships (PPPs), professionalising the public service, restoring the rule of law in the country, liberalising international trade, ensuring private property protection and expanding infrastructure investment to ignite economic growth in South Africa.
These were just some of the suggestions put forward at ActionSA’s second Policy Expert Discussion Panel on Economic Prosperity held in Johannesburg today. South Africa is currently facing an economic crisis with the broad unemployment rate now at 42.4% - meaning that nearly half of South Africans are unemployed.
The engagement featured ActionSA Chief Strategist, André Coetzee, ActionSA Policy Director, Johann Krige, and National Spokesperson Lerato Ngobeni. Presentations were delivered by myself, PPP Training Online’s André Kruger, South African Institute of Civil Engineering’s Steven Kaplan, ActionSA Chief of Governance, Dr Nasiphi Moya, and Efficient Group’s Dawie Roodt.
The lively conversation put forward tangible solutions on how to tackle the economic crises faced in South Africa, and to create jobs to improve the lives of our people. I proposed that South Africa’s economy cannot grow in the absence of the rule of law or while draconian labour laws are in place. Kruger said that PPP’s offers the opportunity of increasing public infrastructure spending and improving their performance which would lead to job creation.