Keyword: economic policy

Is the ANC Serious about 'Radical Economic Transformation'?

Picture: Citizen Alert ZA Blog Ebrahim-Khalil Hassen - Presidents’ relish shorthand descriptions of the agenda they are implementing. In Jacob Zuma’s first term of office, the term “faster change” played that role. Bureaucrats and politicians quickly took up this term not merely to demonstrate loyalty to a newly installed President, but also because many in public service valued a commitment to accelerating change. The term however faded from usage, buried in inaccessible policies and procedures, and the absence of a...

The DA's Economic Plan: The Shift from Socialising the Economy to Liberalising It

Picture: The Democratic Alliance/Flickr Saliem Fakir - The Democratic Alliance (DA) released its “Working for Change, Working for Jobs” economic plan for South Africa a week ago. Where the ANC’s economic plan lacks a united front and coherence - as demonstrated in a recent ANC policy conference - the DA hopes to capture the public imagination with its own image for the future and by taking the gap created by a faltering ANC. Where the ANC is mesmerised by the virtues of the state, the DA is mesmerised by the virtues of the...

An Open Letter to Ministers Patel, Davies and Gordhan

Picture: South African Government Ebrahim-Khalil Hassen - Dear Ministers, Patel, Davies and Gordhan Consider this letter a criticism that nevertheless appreciates the value of your recent work on creating the building blocks for a new development path in South Africa. After all, as our collective history indicates, power concedes nothing without demand. To which we might add, demands without mobilisation are futile.  I interpret the call for a new development path as a demand and a deliberate undertaking towards a more equal South Africa. On...

Budgeting with the Gorillas

Picture: National Treasury South Africa Ebrahim-Khalil Hassen - There is some confusion over whether the idiom should be a "600 pound gorilla" or the much larger "800-pound" creature. The usage also differs with some using it as a form of praise for companies that have dominant positions in markets, and others using the idiom to describe a difficult situation, which is not being addressed. One would hope that public policy analysis would be as simple as identifying the gorilla, but the power underlying public policy choices is...

How to Make Sure We Don't Mangle the Pursuit of Good Industrial Policy and National Interest

Picture: World Bank Saliem Fakir - No sooner had Zuma confirmed his cabinet and a select few in the whining caucus already started complaining that industrial policy is best left to the private sector to sort out.  All government needs to do is dish out the incentives, lower the taxes for exporters and ensure wage expectations are kept to the minimum.  So long as government does this, the private sector will do its level best to pick the winners. Such cynicism against government intervention must be met with...

Big Business Should Get with the Programme

Picture: United Nations Ebrahim-Khalil Hassen - The ultimate conceit in policy debates is to dismiss one’s adversaries with the words: "They just don't get it." In the run up to the elections this year and on the occasion of Cabinet announcements, a common refrain from private sector commentators is that the ‘left’ simply does not get it. The central argument presented is that the market offers the best options for continued success. The corollaries to this argument are that change takes time, but also that the...