CR’s New Deal: Real recovery, or has SA seen this economic plan before? Join the debate


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President Cyril Ramaphosa revealed an ambitious post-Covid-19 economic recovery plan in Parliament construction in Parliament which could create 800,000 jobs. It also includes a 3-month extension of social grants and amendments to the red lists of countries to enable more tourists to come to South Africa. BizNews panel consisting of venture capitalist Vusi Thembekwayo, political analyst Lukhanyo Mnguni and Busi Sibeko from the Institute for Economic Justice said the government stimulus package for the economy should be coupled with anti-corruption measures to ensure that the money allocated, gets to the right people. There was also a suggestion that the informal sector should receive more help, that credit markets should be liberalised and that the provinces would be a perfect place to start trimming the bloated civil service.

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