What are the economic policy directions SA can take from here?
Covid-19 and the lockdown is a highly complex and uncertain situation that none of us have before experienced.
There are various policy documents and discussions on what the SA economy should look like It will require new thinking that evolves over time.
And the remedy may lie in small changes - instead of radical policy changes.
We saw in the Sunday papers that there is a lot of thinking going on in government, in the ANC, other members of the alliance, business groups have started putting together an idea of what a recovery might look like post-lockdown - those are in the offering and one can look forward to the usual ideological schisms...Stuart Theobald, Financial Analyst and Chairman - Intellidex
One can also be an optimist and hope that the way the country has been able to pull together to deal with the crisis will carry on through to how we think about policy and what needs to happen to the economy...Stuart Theobald, Financial Analyst and Chairman - Intellidex
We are headed for another round of loud contestation - we saw Julius Malema for example saying this is an opportunity to ''shut down the white economy'.'
This idea of the white economy shut down comes from the notion of class suicide that suddenly became popular - which was Cabral's theory in Marxist idea that in order to escape class structures one class must effectively give up...but the idea of the economy being shut down would be a very large step backwards.Stuart Theobald, Financial Analyst and Chairman - Intellidex
Think of the consequences.... tax revenue lost because of the lockdown...to understand that the economy really drives development of the country including including social grants...without an economy to support that process one will have widespread collapse.Stuart Theobald, Financial Analyst and Chairman - Intellidex
Carl Popper made the argument that in public policy one should do small incremental steps... Rather than very big steps where one radically restructures the economy...maybe changing the way you do schooling... how small businesses have to register and the kind of tax system they're exposed to...Stuart Theobald, Financial Analyst and Chairman - Intellidex
LIsten to the sound clip below.
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.
More generating units have broken down, resulting in the utility battling to meet the high demand for electricity.Read More
Pavlo Phitidis says focus must be on the customer group you are trying to reach. You've got to get your demographics right.Read More
Though leaving corporate to venture into tourism has been a big test of resilience, she is still happy with her decision.Read More
Lumkile Mondi says skills and knowledge that have driven a lot of the growth in the past are going to be undermined.Read More
This follows several delays which saw the Gauteng government throw the book at the city’s council threatening to place it under administration.Read More
Need the inspiration to save? The Money Show’s Bruce Whitfield interviews “Supersaver Julia” at around 7:15 pm tonight.Read More
Absa CEO Daniel Mminele says they had to transition very quickly within a very space of time into operating in a new normal.Read More
Wendy Knowler says it is expensive to issue or bank a cheque. For example, to deposit a cheque can cost well over R100.Read More
Caroline Da Silva of the FSCA says they will look into patterns of complaints to see how to change a bank's behaviour.Read More