HILARY JOFFE: Local is lekker, but showpiece grand plans won't do the trick
Almost R14bn is a lot to spend on very short-term jobs
18 October 2020 - 00:19
What is the government's strategy to lift the economy out of stagnation and create the jobs SA needs, in a world profoundly changed by the Covid pandemic? The Ramaphosa economic recovery and reconstruction plan hinges on two or three big components that are supposed to drive job creation. But it's not clear that any of these will live up to the high hopes of their promoters. First is the mass public employment programme that aims to provide temporary "work opportunities" for hundreds of thousands of people in the shorter term, while other initiatives supposedly come together to get the economy back on track and get businesses hiring again in the longer term...
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