[LISTEN] Mcebisi Jonas gives his take on SA's economic and political landscape

Former deputy finance minister Mcebisi Jonas says opting out of the daily thrust of politics has given him space to reflect on South Africa's economic landscape.

Jonas launched 'After Dawn: Hope after state capture' in Hyde Park on Tuesday night, a book detailing events leading up to state capture as well as the state of the South African economy and politics, according to him.

He was one of the first politicians to blow the whistle on state capture, claiming the Gupta brothers offered him R600 million to take the position of Finance Minister.

He says more needs to be done to drive growth and that the country needs a single minded focus. He says the state is critical to this.

I think the state will continue to be critical. We must contend with the reality that the capacity of the state, I think at least from 2008, has been almost depleted. Key institutions are weak so there is need of rebuilding state capacity and institutions.

Mcebisi Jonas, Former deputy finance minister

Given the agency of growth, I would argue that we need to affirm a set of skills and capabilities in an institution that focuses on investment and trade, policy and trade programme. Give it independent authority and space to be able to take decisions, drive investment etc.

Mcebisi Jonas, Former deputy finance minister

We have got to seem to be doing things, clearly fixing education is a critical part of that. In the interim I suggest that we can't avoid getting into some kind of transitional programme of incentivising labour intensive industry.... you are not going to create jobs for labour that you don't have, you also need to create jobs for labour that you have.

Mcebisi Jonas, Former deputy finance minister

He emphasises that the other part of the puzzle he argues very strongly in his book is to create room for private sector.

I talk a lot about deregulation as a critical trade off that government must do. We have to look at what is the measure of deregulation that you need and that conversation should happen between the state and business... we are over regulated in many respects.

Mcebisi Jonas, Former deputy finance minister

We need to disrupt the current pattern, it is a pattern of cyclical decline... government needs to mobilize all sectors of society behind this programme.

Mcebisi Jonas, Former deputy finance minister

On the political front, Jonas suggests there is a series of side shows disrupting the possible prosecution of certain individuals and stopping the rot in the public system.

I think we should take society in to confidence and begin to move beyond these side shows and focus on the real issues. The real issues are, we are sitting on top of an economy that is not growing...we cannot allow political disorder to continue.

Mcebisi Jonas, Former deputy finance minister

Click on the link below to hear the full conversation...


Recommended

by NEWSROOM AI
Read More
Allan Gray (81) passes away

Allan Gray (81) passes away

Allan Gray – founder of Africa’s largest privately-owned asset manager - has passed away after suffering a heart attack.

7 steps to building a business you can sell

7 steps to building a business you can sell

Pavlo Phitidis (founder of Aurik Business Accelerator) advises on turning your business into an asset of value.

Capitec Bank must OK BEE share sale. '47 000 Transnet pensioners are suffering'

Capitec Bank must OK BEE share sale. '47 000 Transnet pensioners are suffering'

"The judgment is damning against Capitec Bank," says freelance journalist Ciaran Ryan.

The World in 2056 based on Blade Runner

The World in 2056 based on Blade Runner

The movie is set in November 2019 and was released in 1982, what will the world look like in another 37 years?

Why I’m leaving South Africa for Yale – Colin Coleman (CEO, Goldman Sachs SA)

Why I’m leaving South Africa for Yale – Colin Coleman (CEO, Goldman Sachs SA)

I have South African and Bok blood in my veins, says Coleman, who will continue to tend to family responsibilities at home.

Unleash your inner foodie with McDonald’s… seriously?

Unleash your inner foodie with McDonald’s… seriously?

What do you think of when you hear the word “foodie”? Probably not McDonald’s, but that’s how it's pitching its McFlurries.

Popular articles
Caller defends Sho Madjozi's two-channels statement

Caller defends Sho Madjozi's two-channels statement

Eusebius McKaiser and callers debate issues from the Sho Madjozi to the Springboks.

Granny rescues 13-year-old girl chased away from home by mom

Granny rescues 13-year-old girl chased away from home by mom

Khabazela shares tweets and Facebook posts that have gone viral.

BEE has not worked, says Capitec CEO

BEE has not worked, says Capitec CEO

Capitec CEO Gerrie Fourie explains the challenges the bank, named Top 100 Company of the Year, faces.

'Aarto Act could be used by Sanral to enforce e-toll compliance'

'Aarto Act could be used by Sanral to enforce e-toll compliance'

Justice Project SA chair Howard Dembovsky says the act presumes a motorist to be guilty until he or she proves they are innocent.

[VIDEO] Port Elizabeth gets an eyeful of Faf's famous SA-flag speedo

[VIDEO] Port Elizabeth gets an eyeful of Faf's famous SA-flag speedo

Faf de Klerk threatened to upstage his captain when he showed off his patriotic 'broeks' in PE on the Springbok victory tour.

Capitec Bank must OK BEE share sale. '47 000 Transnet pensioners are suffering'

Capitec Bank must OK BEE share sale. '47 000 Transnet pensioners are suffering'

"The judgment is damning against Capitec Bank," says freelance journalist Ciaran Ryan.

[WATCH] 'I didn't poop, I peed,' kid excited that he went potty successfully

[WATCH] 'I didn't poop, I peed,' kid excited that he went potty successfully

Khabazela shares tweets and Facebook posts that have gone viral.

Bryan Habana opens up about money, and now having to buy his own clothes

Bryan Habana opens up about money, and now having to buy his own clothes

Bruce Whitfield interviews the legendary Springbok about his attitude toward money (hopes and fears, successes and failures, etc.)