Government’s new plan for South Africa is incoherent: business group

An economic plan presented by the South African government last week was “fragmented and uncoordinated,” suggesting there’s been little discussion on the proposals, the nation’s main business lobby group said.

State officials met business and labour-union representatives 13 August to discuss ways to revive an economy set to contract this year by the most in nine decades.

Industry delegates offered a 900-slide presentation and labour groups showed “detailed” proposals, with the government presenting a 17-slide ‘draft’ plan, Business Leadership South Africa CEO Busi Mavuso said Monday.

“It appeared to have been pulled together at the last minute from a variety of different sources without any discussion between them,” Mavuso said.

“There are good people – inside the Presidential Economic Advisory Council and among the analysts at National Treasury, for example. But why are they not being mobilised to do the research to form a coherent plan?”

President Cyril Ramaphosa said on Saturday the government is working on an urgent economic-recovery program, details of which will be announced in “the next few weeks.”

Mavuso said Ramaphosa has yet to deliver on a pledge made four months ago to present a “decisive” economic plan.

“He promised in April we would have it ‘within days,’” she said. It was clear from the presentation to business and labour last week that “not much has really been done since.”

Read: A top investor says South Africa is in a ‘debt-trap twilight zone’

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Government’s new plan for South Africa is incoherent: business group