5 ways to resurrect the lifeless economy and belief in South Africa

The Money Show’s Bruce Whitfield interviewed Mike Schüssler, Chief Economist at Economists.co.za.

Schüssler discussed five resurrection challenges for the South African economy:

  • The resurrection of the private sector by reducing red tape and making rules such as BEE not applicable to small businesses employing fewer than 50 people.

  • The corrupt must be swiftly brought to book to resurrect South Africans’ belief in justice.

  • The resurrection of trade and industrial policy by including service sectors (such as tourism, ICT, the financial hub of Africa, etc.).

  • The resurrection of certainty for farmers, construction and the Constitution.

  • Kill the budget deficit, not with higher taxes but a government service that’s smaller and efficient.

For more detail listen to the interview in the audio below (and scroll down for quotes from it).

We’ve fallen behind the world average per capita income about 15 years ago…

Mike Schüssler, Chief Economist - Economists.co.za

[On corruption] We are taking baby steps in the right direction…

Mike Schüssler, Chief Economist - Economists.co.za

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Stats SA Council threatens to resign over lack of funding, frozen posts

Stats SA Council threatens to resign over lack of funding, frozen posts

''If there are no official statistics approved by the statistician general - at that point I think your rates agencies will just say Game Over.''

An Allan Gray advertisement hits home and a golf resort gets lost

An Allan Gray advertisement hits home and a golf resort gets lost

Andy Rice, branding and advertising expert, tells us what ads caught his fancy and which ones baffled him.

Why EY thinks it's time to start dropping SA’s corporate tax rate

Why EY thinks it's time to start dropping SA’s corporate tax rate

If the corporate tax rate in South Africa gets lowered, would it lead to higher tax collections?

'Extreme concerns' about coronavirus making landfall in Africa

'Extreme concerns' about coronavirus making landfall in Africa

The coronavirus has made landfall - and apart from obvious dangers, its effect on the Chinese economy will also hit Africa hard.

'Life is short, have an affair' - this company makes millions out of skelmpies

'Life is short, have an affair' - this company makes millions out of skelmpies

Ashley Madison has 60 million members globally and has turned infidelity - cheating on a partner - into big business.

Jack Parow talks money, honey

Jack Parow talks money, honey

Jack Parow tells The Money Show how he runs his finances cooler than you.

Popular articles
The People’s Dialogue sets sights on private prosecutions – Herman Mashaba

The People’s Dialogue sets sights on private prosecutions – Herman Mashaba

Speaking to Clement Manyathela on the Midday Report, the party founder says the unit will deal mostly with corruption cases.

Employment Equity Amendment Bill to allow state to set transformation targets

Employment Equity Amendment Bill to allow state to set transformation targets

Labour Relations chief inspector Thembinkosi Mkalipi unpacks how this new legislation will be implemented in the workplace.

Boy Mamabolo adamant he has proof of abuse, Mantoa Malema to sue for R1-million

Boy Mamabolo adamant he has proof of abuse, Mantoa Malema to sue for R1-million

Meanwhile, the ANC says it cannot allow its parliamentarians to trivialise gender-based violence in the manner MPs did on Tuesday.

E-hailing drivers block Joburg roads in protest over safety and high commission

E-hailing drivers block Joburg roads in protest over safety and high commission

The group says they have been attacked by taxi drivers in the East Rand and say they have been charged a high commission.

'Toddler (Boy) Mamabolo is behaving like a toddler who is at nursery school'

'Toddler (Boy) Mamabolo is behaving like a toddler who is at nursery school'

Eusebius McKaiser gives his opinion on the behaviour of politicians in Parliament during the Sona debate.

Possibility of Wednesday load shedding has increased, warns Eskom

Possibility of Wednesday load shedding has increased, warns Eskom

The power utility has warned that the system remains vulnerable and load shedding can be implemented at short notice.

[WATCH] SANDF tank crashing through crowd goes viral, is this another Mabena?

[WATCH] SANDF tank crashing through crowd goes viral, is this another Mabena?

Khabazela shares some of the videos that went viral on Twitter and Facebook.

[WATCH] Camera falling from plane into pig pen has social media in stitches

[WATCH] Camera falling from plane into pig pen has social media in stitches

Khabazela shares some of the videos that went viral on Twitter and Facebook.

Who actually owns this house, some social media users say it belongs to them

Who actually owns this house, some social media users say it belongs to them

Khabazela shares some of the videos that went viral on Twitter and Facebook.

'If  Statistics SA Council is destroyed it will leave country at disadvantage'

'If Statistics SA Council is destroyed it will leave country at disadvantage'

Former statistician-general Dr Pali Lehohla says if the agency doesn't receive more funding, citizens will be denied information.