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DARYL SWANEPOEL: Grease the gears so the economic wheels can turn

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To reach an economic target of 6% does not require earth-shattering moves

A worker drives a forklift truck to transport a crate of aluminium cans in the warehouse of a manufacturing plant in Springs, Gauteng. Picture: BLOOMBERG/WALDO SWIEGERS

The discussions brought about the question of how much growth potential is actually being held up by these constraints. To establish this, in an admittedly non-scientific manner, the ISI approached some of the industry leaders again earlier this year. They were asked to identify what they deem to be the single biggest hurdle facing their respective industries , along with their best estimate of growth potential should the identified constraint be removed.

The calculations ultimately add up to a potential national GDP growth rate that is more than double the National Treasury’s current projections of 1.6% and 1.7% for 2023 and 2024 respectively.

 

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