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<\/a><\/p>\nThe government has formally adopted five blueprints to boost GDP growth and job creation since the African National Congress won the first all-race election in 1994. However, most of the policies have been stalled by powerful\u00a0vested interests.<\/p>\n
The structure of South Africa\u2019s government renders it \u201centirely incapable\u201d of making coherent decisions around trade-offs and that\u2019s partly by design, Naidoo, who was on the secretariat of the panel that drew up the\u00a02012 National Development Plan, said.<\/p>\n
Former President Jacob Zuma \u201cfragmented economic policy making to the nth degree\u201d by creating more and more government departments to diffuse economic policymaking, Naidoo said.<\/p>\n
Some reforms proposed almost two years ago in a National Treasury\u00a0policy paper, forecast to lift growth by two to three percentage points and create more than one million jobs over a decade, and the\u00a0Economic Reconstruction and Recovery plan\u00a0unveiled by President Cyril Ramaphosa in October to revive the economy after the damage done by the coronavirus pandemic, are only now starting to show progress.<\/p>\n
These include getting electricity from independent power producers and steps to ease congestion at ports.<\/p>\n
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