What is really holding SA back
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In an attempt to answer the question of why South Africa’s global competitiveness remains below that which is required to attract investment both local and domestic, former Statistician General and modeler with the Indlulamithi Scenarios and Moeletis Mbeki pointed the finger at executive pay.
Just quite how this conclusion is arrived at after reading the Zondo Commission Report, stretches credulity somewhat.
Corruption, BEE, AA, Skills emigration, a failing education system, declining respect the rule of law, the threat of EWC and NHI, the ill conceived Mining Charter, cadre deployment, uncompetitive tax rates, all contribute to the cost of capital remaining well above that which would be sufficient to attract investment into real assets that would offer returns and jobs.
Michael Avery is joined by former statistician general Dr Pali Lehohla,
and Mike Schussler, of economists.co.za"
Just quite how this conclusion is arrived at after reading the Zondo Commission Report, stretches credulity somewhat.
Corruption, BEE, AA, Skills emigration, a failing education system, declining respect the rule of law, the threat of EWC and NHI, the ill conceived Mining Charter, cadre deployment, uncompetitive tax rates, all contribute to the cost of capital remaining well above that which would be sufficient to attract investment into real assets that would offer returns and jobs.
Michael Avery is joined by former statistician general Dr Pali Lehohla,
and Mike Schussler, of economists.co.za"
