ECONOMIC WEEK AHEAD: What TeamSA will say about SA’s strengths at Davos

Team SA — led by finance minister Tito Mboweni, international relations minister Naledi Pandor and trade & industry minister Ebrahim Patel — will head there dogged by domestic problems such as crisis-ridden state-owned enterprises , which threaten an already fragile fiscus, and anaemic economic growth.

Mboweni said the reforms were outlined in the strategy document drafted by the Treasury, and included “effort to put SOEs on the correct path” and getting SA’s network industries, such as road and rail, operating effectively and efficiently.“We face a difficult fiscal environment,” Mboweni said. Nevertheless, SA authorities were determined to proceed “responsibly in supporting growth-enhancing initiatives”, he said.

After a visit to SA in November, the fund urged the government to take a “more decisive approach” to instituting reforms needed to address the three main challenges facing SA: weak growth, ailing SOEs and government finances. On the data front this week, the Reserve Bank’s leading composite business cycle indicator for November is due out on Tuesday. The gauge gives an indication of the direction of the SA business cycle for the next six to 12 months.

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