President Zuma is out of touch with reality
The Presidency's response to The Economist article, ‘Cry, the Beloved Country' yesterday reveals a President who is clearly out of touch with reality. Instead of responding with a comprehensive plan which would tackle the underlying cause of our current economic woes, the President opted to bury his head in the sand and accuse The Economist of being misleading.
It is the most revealing example yet of a President who lacks both the leadership and determination to build a high growth economy which will lift millions of South Africans out of poverty.
The President must urgently address a Joint Sitting of Parliament and announce the following steps in order to tackle the current downturn head on:
Embrace the National Development Plan (NDP) as our only economic plan, and announce its implementation by all relevant departments starting in this medium term budget cycle. It is deeply concerning that the President's response yesterday did not mention the NDP once and only referenced the New Growth Path.
Provide a clear commitment to South Africa that he puts our economy above his own re-election campaign. As the key campaigner in the race for Mangaung, the President should aknowledge publicly the very serious impact that infighting in the ANC and its tripartite alliance is having on the economy in terms of policy uncertainty and put forward a plan to prevent this negative impact.