Economic recovery plan – who needs action when you’ve got words?
Blah, blah, blah, blah, blah… The plan doesn’t fix a blooming thing! It’s the implementation of the plan that will.Bruce Whitfield, The Money Show
Cabinet has approved a draft of President Cyril Ramaphosa’s new economic reform plan.
Currently trending on The Money Show:
The plan (entitled “South African Economic Reconstruction and Recovery Plan” or ERRP) sets out structural reforms and will rely heavily on the private sector for execution.
Market commentators are sceptical, not of the plan, but of the government’s capacity to implement it.
We discussed at Nedlac a list of immediately actionable deliverables… Some of them are in this plan… They have to be implemented immediately…Cas Coovadia, CEO - Business Unity SA
The economic recovery plan entails locking heads on the structural reforms… It ticks a lot of boxes…Cas Coovadia, CEO - Business Unity SA
The private sector will start making significant investments when the environment is correct…Cas Coovadia, CEO - Business Unity SA
We’re world-class in talking about things that are going to happen… The deficit between promise and delivery has gotten bigger and bigger… We keep thinking up national solutions where we’ve not demonstrated local capability… We’re going the wrong way ‘round.Professor Adrian Saville, Chief Executive - Cannon Asset Managers
The way to establish confidence… is to deliver something… The private sector is ready and willing but waiting for evidence…Professor Adrian Saville, Chief Executive - Cannon Asset Managers
Listen to the interview in the audio below.
This article first appeared on CapeTalk : Economic recovery plan – who needs action when you’ve got words?
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