Things Generally Let’s get Cyrious
The Cyril era is just about upon us (fingers crossed) and from what the man says, it’s going to be interesting. Here very briefly, are his main economic priorities.
Create a million jobs in five years: Through special economic zones, tax reforms and a youth internship programme, inter alia.
Growth and investment: Targeting 3% of the former for the 2018 FY, and prioritising institutional stability and the credibility of the criminal-justice system to attract more of the latter.
Debt and spending: Enforcing fiscal discipline to ensure that state resources are spent on development rather than debt servicing.
Ownership of the economy: Ensure that black South Africans – particularly communities and workers – have greater ownership and control over the economy, through more effective and sustainable BEE.
Cost of doing business: Improve infrastructure, regulate energy prices and review port tariffs.
Education: Train and support teachers, make math and science compulsory through Grade 12.
State-owned enterprises: Govern, manage and operate these for the benefit of the public.
Political corruption: Clamp the hell down on that.
Comment: We’re going to hold you to it, boss.