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Mediclinic News : FIRSTRAND CHAIR MYSTIFIED BY GOVERNMENT

Title

FIRSTRAND CHAIR MYSTIFIED BY GOVERNMENT

Date

2019-10-09

Link

https://www.moneyweb.co.za/news/south-africa/firstrand-chair-mystified-by-government/

News Description

MONEYWEB FirstRand chair Roger Jardine says “government’s apparent unwillingness to champion the private sector as a growth engine is mystifying”. Writing in the 2019 integrated report of the country’s largest banking group by market capitalisation, he insists that “there is no plausible plan for South Africa to prosper without the private sector playing a strong role in creating sustainable growth”. It is “time for government to partner with the private sector to drive the developmental agenda”, he says. “The private sector has the incentive, skills and resources to build businesses that employ people and build the wealth of the country. It cannot, however, do it on its own. It needs a government that creates policy certainty, is not distracted by trying to keep failing SOEs [state-owned enterprises] afloat and/or running sectors of the economy that can be done more efficiently by the private sector.”
Created at 2019/10/14 10:13 AM by Mediclinic
Last modified at 2019/10/14 10:13 AM by Mediclinic