Self-inflicted shenanigans haunting SA
JOHANNESBURG – The new year and a new decade have opened. But the national psyche of South Africans has become one of panic at the state of decay of the economy, which Business Unity South Africa (Busa) this week gave voice to.
They captured the schizophrenic reaction that the mention of ratings agencies commands on the national mood.
South Africans also become increasingly moody and anxious because of the threat of rating agency Moody’s downgrading South Africa’s rating to junk. They deservedly hold the Damocles sword over our heads for our self-inflicted shenanigans.
It is a schizophrenia that the past 10 years of state capture have sowed.
At the end of the meeting Busa implored the government to implement the recommendations contained in the August 2019 document titled “Economic Transformation Inclusive Growth and Competitiveness: Towards an Economic Strategy for South Africa, in Toto”.
Source: iol.co.za