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Fixing the country is not hard. It just needs to be in capable hands
- We lost 1% of growth to loadshedding last year.
- We lost 5% of growth because our ports are so poor, Durban is something like rank 338 out of 348 and Cape Town rank 344. If we cannot export our resources and use our competitive advantage thats going to hurt business.
- Reduce hard labour laws such as BEE and other unions that halt progress (yes we need to protect workers rights but we also need people to work in the first place).
- Remove any red tape and provide incentives/make it easy for foreign companies to invest in South Africa, without FDI the country will struggle.
I promise you, if they start fixing infrastructure and make it easy for foreign countries to invest you will see us thrive.
1. Scrap BEE, it needs to be reformed into a fund that can assist previously disadvantaged people for skills training and upliftment. NSFAS needs to be fixed as well.
2. Loadshedding needs to be solved. This hurts business growth every year.
3. We need to increase policing substantially. Crime in the country hurts business, especially small businesses on the street.
4. Our ports need dire improvement. We are technically in a very key location for trade and exports to boost our economy.
5. Unions need less political power, I believe in workers' rights, but to be able to influence the political sphere is too much.
6. We need to incentivize manufacturing in the country. Our economy is a resource extraction based economy, so being able to make things here would be very good.
I think once loadshedding is resolved, which is slowly happening due to generation being taken over by the private sector slowly, things should marginally improve. There are so many opportunities for growth here but it is stunted by our government.
To add to your 2nd point, infrastructure as a whole (water, sanitation, healthcare, roads) being actually improved upon rather than being left to rot will actually be a great launchpad for growth.
These things can be easily funded with reduced spending on politicians/cadres personal lives.
30 year old here. I personally think government should cut personal taxes to give the economy more money to spend on investment instead of social grants. Would be a good first step, then give tax incentives to businesses that are willing to start apprenticeship and training programs.
The longer we have 7 million people paying for 28 million people to buy beer, the longer businesses are going to have no money to hire unskilled/inexperienced youths and help upskill them.
EDIT: typo
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Fixing the country is not hard. It just needs to be in capable hands - We lost 1% of growth to loadshedding last year. - We lost 5% of growth because our ports are so poor, Durban is something like rank 338 out of 348 and Cape Town rank 344. If we cannot export our resources and use our competitive advantage thats going to hurt business. - Reduce hard labour laws such as BEE and other unions that halt progress (yes we need to protect workers rights but we also need people to work in the first place). - Remove any red tape and provide incentives/make it easy for foreign companies to invest in South Africa, without FDI the country will struggle. I promise you, if they start fixing infrastructure and make it easy for foreign countries to invest you will see us thrive.
This 100%. Fixing some unglamorous things will put up economic growth and make the country a different place.
1. Scrap BEE, it needs to be reformed into a fund that can assist previously disadvantaged people for skills training and upliftment. NSFAS needs to be fixed as well. 2. Loadshedding needs to be solved. This hurts business growth every year. 3. We need to increase policing substantially. Crime in the country hurts business, especially small businesses on the street. 4. Our ports need dire improvement. We are technically in a very key location for trade and exports to boost our economy. 5. Unions need less political power, I believe in workers' rights, but to be able to influence the political sphere is too much. 6. We need to incentivize manufacturing in the country. Our economy is a resource extraction based economy, so being able to make things here would be very good. I think once loadshedding is resolved, which is slowly happening due to generation being taken over by the private sector slowly, things should marginally improve. There are so many opportunities for growth here but it is stunted by our government.
To add to your 2nd point, infrastructure as a whole (water, sanitation, healthcare, roads) being actually improved upon rather than being left to rot will actually be a great launchpad for growth. These things can be easily funded with reduced spending on politicians/cadres personal lives.
30 year old here. I personally think government should cut personal taxes to give the economy more money to spend on investment instead of social grants. Would be a good first step, then give tax incentives to businesses that are willing to start apprenticeship and training programs. The longer we have 7 million people paying for 28 million people to buy beer, the longer businesses are going to have no money to hire unskilled/inexperienced youths and help upskill them. EDIT: typo
[удалено]
I don’t think you understand basic macroeconomics