SA recovery plan lacks specifics, unrealistic - BLSA

  • 📰 IOL
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

South Africa Headlines News

South Africa’s economic recovery plan unveiled by President Cyril Ramaphosa lacks specifics in some areas and is based on unrealistic assumptions in others, while much of it cannot be be implemented immediately, a leading business association said.

JOHANNESBURG -

Focusing on the key components of the plan, Business Leadership South Africa said while the goal to achieve sufficient, reliable energy supply within two years was key to recovery, the time frame was unrealistic given the logistics of procuring new power, working with the energy regulator on licensing and with state utility Eskom on connecting that new power to the grid.

It also questioned the sustainability of the government’s employment stimulus plans aimed at creating new jobs after a massive number were lost due to the Covid-19 pandemic. “We are concerned that a public works programme can become a substitute for the policies that stimulate employment in the private sector. Sustainable employment comes from a productive business sector that is competitive.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 46. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SA will have energy security in two years, Cyril Ramaphosa saysThe insecurity of electricity supply is the largest constraint on growth and investment in SA’s economy
Source: BDliveSA - 🏆 12. / 63 Read more »

SA on the verge of 700,000 Covid-19 cases with 1,770 new infectionsWith 1,770 new Covid-19 cases confirmed in the past 24 hours, SA was on the verge of becoming just the 11th country to surpass 700,000 infections. ...yawn....🙄....8 deaths per day...no proper time frames or parameters set. They're throwing darts at a board in a pitch dark room.. ..and the media are the willing clickbate stooges. ALETTAHA Akere government e kgathetse so as the citizens🤷🏾‍♀️ So what? You try so hard to create fear. Voetsekfakenewsmedia
Source: TimesLIVE - 🏆 28. / 59 Read more »

Covid-19 update: SA records 1,770 new cases and 158 deathsThe total number of deaths now stands at 18,309.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

TB reporting plummets in SA and country will likely pay a heavy priceSA is one of the countries that will pay a heavy price as a result of Covid-19, not only due to the economic losses the country has experienced, but also because the leading killer disease tuberculosis is set to worsen due to neglect during the lockdown. this is as serious as covid-19
Source: SowetanLIVE - 🏆 13. / 63 Read more »

EDITORIAL: Painful lessons SA must learn from Zambia’s defaultThe default shows what happens when countries accumulate debt, especially in foreign currency SA debt binge can only end in 3 ways; The IMF = loss of sovereignty China= colonisation Money printing= Zimbabwe SA just has to decide which path it wants to follow
Source: BDliveSA - 🏆 12. / 63 Read more »

1 770 new Covid-19 cases detected in SAA total of 1 770 new Covid-19 cases have been detected in South Africa in the last 24 hours, bringing the country's cumulative cases to 698 184. covid19SA coronavirus Sinuses 🤧 - Umhlonyane (Lengana/Artemisia) tea. - R100 50g and R200 100g. - 50ml Eucalyptus Oil R75. - Eucalyptus Vaseline R19. - Delivery to door. WhatsApp/call 0603722664. supportsmallbusiness Sinuses Allergies cough lung level1 health flu covid19SA Retweet ❤️ Yaaaaaawwwwnnnnn.... getting bored with this. How many DIED of Covid vs murdered this week? If only the cANCer applied the same diligence to tackling violence and murder in South Africa.
Source: IOL - 🏆 46. / 51 Read more »