South Africa Business Body Urges Reforms to Lift Economic Growth

South Africa should prioritize reforms, focus on increasing fixed investment and create a better short-term business climate to bolster the performance of its economy and allow for private-sector led growth, a local commerce group said.

“The private sector has the potential to finally put South Africa on a path of science-based planning, underpinned by the meritocracy drive and visible public sector accountability,” the South African Chamber of Commerce and Industry said Friday in a statement. “In order for a private-sector-led economy to thrive, government at all levels will need to change institutional arrangements and work ethic in public-sector institutions that are charged with supporting economic policy and development.”