Trudy Makhaya: I think you have an economy that is built on exclusion

What's the plan to grow the economy equitably?

South Africa has a huge number of social, and political challenges.

Undeniably, these are intimately connected to our economic woes. Unemployment is currently standing at 27.5%.

Is the job summit and Investment conference enough to address these challenges?

Eusebius McKaiser engaged the President's economic advisor Trudi Makhaya on where the country is heading economically.

We have an economy that has developed along dysfunctional lines.

Trudi Makhaya, President's economic advisor

The South African economy got inserted in the global economy in a very violent and one-sided manner.

Trudi Makhaya, President's economic advisor

You have an economy that is built on the migrant economic system. Black people are very intertwined into the economy but they are integrated into ways that don't speak into their prosperity.

Trudi Makhaya, President's economic advisor

I think you have an economy that is built on exclusion. Because of the sectors and the mining economy, you have one that is built around resource extraction.

Trudi Makhaya, President's economic advisor

Finance minister Tito Mboweni has said that SAA should be closed and a new airline be started.

Makhaya says there is a need for deep reflection on why SAA is failing.

We have had this long debate on how SAA is in the public interest.

Trudi Makhaya, President's economic advisor

READ: Comments on the uncertainty about SAA's future undermines the overall business

We ask ourselves how do we fix SAA, which is obviously the wrong question. We should start with is SAA a strategic asset from a developmental perspective.

Trudi Makhaya, President's economic advisor

Listen to the full discussion below...


Recommended

by NEWSROOM AI
Read More
Comments on the uncertainty about SAA's future undermines the overall business

Comments on the uncertainty about SAA's future undermines the overall business

CEO of SAA, Vuyani Jarana, says what the Finance Minister said to investors in New York has caused panic in the market.

"Shut it (SAA) down" says Tito Mboweni'

"Shut it (SAA) down" says Tito Mboweni'

Breakfast Show Host Bongani Bingwa questions what Mboweni's stance on SAA means for the turnaround strategy.

'There is no justification to keep pumping money into SAA'

'There is no justification to keep pumping money into SAA'

Managing Editor at SA Flyer Magazine Guy Leitch and SAA spokesperson Tlali Tlali discuss the state of the airline.

'Mboweni is too generous, it's a miracle we are not downgraded to junk status'

'Mboweni is too generous, it's a miracle we are not downgraded to junk status'

Sikonathi Mantshantsha says the Finance Minister is too generous by giving SOEs another bailout.

Phetolo Ramosebudi has resigned from Transnet

Phetolo Ramosebudi has resigned from Transnet

Investigative Journalist at amaBhungane Centre for Investigative Journalism Susan Comrie talks about her story on Ramosebudi.

Let’s stop wasting money, Mr President! – Finance Minister Tito Mboweni

Let’s stop wasting money, Mr President! – Finance Minister Tito Mboweni

Bruce Whitfield interviews Thabi Leoka, Lumkile Mondi (Wits), Peter Attard Montalto (Intellidex) and Treasury's Duncan Pieterse.

Popular articles
[WATCH] How many people does it take to park a car?

[WATCH] How many people does it take to park a car?

Khabazela shares tweets and Facebook posts that have gone viral.

'We discuss stocks and options with our children at the dinner table'

'We discuss stocks and options with our children at the dinner table'

Bruce Whitfield interviews Basetsana Kumalo about her attitude to money (hopes and fears, successes and failures, etc.).

[WATCH] Boy explaining what he heard when parents had sex goes viral

[WATCH] Boy explaining what he heard when parents had sex goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

South Africa quietly reclassifies 33 wild species as farm animals

South Africa quietly reclassifies 33 wild species as farm animals

Some of the endangered wildlife has now been listed as farming stock under key legislation that governs breeding.

It's VW, but not as you know it - Why did Volkswagen change its logo?

It's VW, but not as you know it - Why did Volkswagen change its logo?

John Maytham asks what's behind Volkswagen's new-look logo...

5 retirement saving tips for those who left it late

5 retirement saving tips for those who left it late

It’s better to start late than never! The Money Show’s Bruce Whitfield interviews Jeanette Marais.

[WATCH] Woman faints after hairdresser cuts 12-inch hair without telling her

[WATCH] Woman faints after hairdresser cuts 12-inch hair without telling her

Khabazela shares tweets and Facebook posts that have gone viral.