Economics
Conflicting Visions Emerge for South Africa’s Post-Virus Revival
- Big businesses, ruling party differ over infrastructure funds
- State lacks capacity to implement proposals, Intellidex says
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South Africa is awash with plans on what’s needed for an economy battered by the coronavirus pandemic and power shortages. What’s missing is consensus on which proposals to implement.
Blueprints released last week by Business for South Africa, an alliance of the main business groups, and the ruling party’s economic transformation committee both called for the revival to be underpinned by a massive infrastructure investment drive -- an idea the government flighted last month. But they differ over other key issues, including where the money should come from, and the role of the state.