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Minerals Council South Africa Notes The President's Economic Reconstruction And Recovery Plan, Calls For Much Greater Focus On Structural And Institutional Reforms Required To Boost Competitiveness, Accelerate Investment And To Raise Inclusive Growth

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Minerals Council South Africa Notes The President's Economic Reconstruction And Recovery Plan, Calls For Much Greater Focus On Structural And Institutional Reforms Required To Boost Competitiveness, Accelerate Investment And To Raise Inclusive Growth

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Mineral Councils CEO Roger Baxter

16th October 2020

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The Minerals Council South Africa notes the South African Economic Reconstruction and Recovery Plan presented by President Ramaphosa on 15 October 2020 to a Joint Hybrid Sitting of Parliament. The plan does capture a number of the agreed points from the NEDLAC discussions, but it does not go far enough on the areas where South Africa needs to improve its global competitiveness (which is the key to raising investment and inclusive growth). The business inputs in NEDLAC focused on measures to raise investor and business confidence, improve the nation’s competitiveness and to raise private sector investment and inclusive growth. Only by increasing the country’s competitiveness will we be able to unlock the economic potential of the country, and only then will investment (local and foreign) flow.
 

 

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Issued by The Minerals Council South Africa

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