Developing better processes and generating consensus on major issues are the major challenges after the electionsElections might change a parliament, governing and opposition parties, but they don’t dispose of issues. After the election and inauguration of the sixth administration, the biggest challenge is to develop better processes than adversarial parliamentary politics, and generate consensus on major issues.
Twenty-five years since apartheid rule ended, SA’s prospects are much improved. In our sector, black youth no longer face a narrow choice between miner and farm labourer. There is a new black middle class, beneficiaries of the government’s BEE programmes we fought hard for. Alas, we are only too aware of the sprawling poverty outside. Many have accused the democratic government of redistributing wealth to rich owners of capital, reproducing inequality and neo-apartheid geographies.
So what happens after the president has been sworn in on May 25? Future growth depends on a better-balanced economy, with workers getting a fairer share in their pay packets, corporations paying their fair share of taxes, and short-term shareholder interests kept in check. Business wants to see swift action on key economic priorities, including staying on top of the public finances. We require skilled as well as educated people. We need affordable and reliable energy and we need connectivity to our markets and to each other by land, sea, air, and we need broadband.The next government can re-emphasise a positive message to would-be investors and entrepreneurs that SA backs entrepreneurship, jobs and wealth creation for the benefit of all.
The National Development Plan espouses transformation as a means of dealing with a flagging economy and the perennial question of unemployment. However, while SA has embraced rhetoric extolling the benefits of transformation, entrenched political, economic and sociocultural interests limit these efforts.
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Rebosis cans interim dividend as it focuses on cutting debtThe property fund reported a R2bn loss for the six months to end-February
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Inequality rises in EU, but still at a worldwide lowBloc shares status with Canada, while gap between rich and poor is widest in Bulgaria
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Small parties send lawyer’s letter to the IEC | Election | M&GAttorneys for a group of 27 political parties has urgently written to the IEC demanding an independent audit and a delay to the declaration of election results. SAElections2019 Easy pickings for lawyers. These parties each have 3 votes really... are we wasting our time with this!? Yes there was iregularities but these clowns are too much!!
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Small parties have a role to play in election process, analyst saysProfessor Andre Duvenhage says the performance of small parties, such as the Freedom Front Plus, has been good.
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