Former Reserve Bank Governor Tito Mboweni has called for policy certainty and a resolution of political uncertainty to avert a credit rating downgrade‚ restore business confidence‚ and grow the local economy faster.
Mboweni addressed an Old Mutual Investment Fund function on Thursday night.
While slow global growth was negatively affecting SA’s own economic growth prospects‚ something could be done locally to improve the outlook‚ Mboweni said. “Policy clarity and certainty is very important and we should start at the top: the unity of the Cabinet and clear communication.”
Other measures that could be taken include privatising certain state-owned enterprises such as South African Airways‚ respecting and trusting state and private institutions‚ as well as “appoint competent and incorruptible professional people” to run state-owned enterprises.
Some of the political uncertainty that has contributed to rand weakness is fraud charges against Finance Minister Pravin Gordhan‚ who will be in court for the same charges on November 2.
Speaking on politics‚ Mboweni said his party’s loss of three big metros in the August local government elections was a sign of things to come in the 2019 national election if the party did not improve itself. “The ANC has an opportunity to revive itself and that revival will depend to a large extent on the calibre of leadership that its national conference elects in December 2017.”
– TMG Digital
Ensure ‘unity of Cabinet’ to avert credit rating downgrade: Mboweni
Former Reserve Bank Governor Tito Mboweni has called for policy certainty and a resolution of political uncertainty to avert a credit rating downgrade‚ restore business confidence‚ and grow the local economy faster.
Mboweni addressed an Old Mutual Investment Fund function on Thursday night.
While slow global growth was negatively affecting SA’s own economic growth prospects‚ something could be done locally to improve the outlook‚ Mboweni said. “Policy clarity and certainty is very important and we should start at the top: the unity of the Cabinet and clear communication.”
Other measures that could be taken include privatising certain state-owned enterprises such as South African Airways‚ respecting and trusting state and private institutions‚ as well as “appoint competent and incorruptible professional people” to run state-owned enterprises.
Some of the political uncertainty that has contributed to rand weakness is fraud charges against Finance Minister Pravin Gordhan‚ who will be in court for the same charges on November 2.
Speaking on politics‚ Mboweni said his party’s loss of three big metros in the August local government elections was a sign of things to come in the 2019 national election if the party did not improve itself. “The ANC has an opportunity to revive itself and that revival will depend to a large extent on the calibre of leadership that its national conference elects in December 2017.”
– TMG Digital
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Latest Videos