pratlou
Senior Member
The presidency has urged big business in SA to hold off on planned retrenchments, saying it is staying the course on the energy action plan as well as the logistics turnaround strategy. Measurable progress is expected shortly.
“We have a plan. We need consistency which then will allow for stability and a clear way forward. We don’t need to chop and change. We need a consistent plan. Business has partnered with government and we urge business to stay the course,” said Rudi Dicks, head of the project management office in the presidency.
Businesses such as Arcelor Mittal and Sibanye-Stillwater have outlined plans to lay off thousands of workers in response to domestic issues and international factors.
Organised business agreed with the government last June to work together on energy, logistics and crime, the three areas business identified as critical to turning around the economy.
“If it is the prediction that economic activity is to decline further, what we have to do is convince the market that the plan [on logistics and energy] is credible and will be implemented quickly,” said Dicks.
Senior economist Iraj Abedien said if macroeconomic decisions, especially about Eskom and Transnet, had been taken at the right time SA could have been on a better economic trajectory by now.
“There is a lack of political courage to do things at the right time. We do this too late, when there is no other choice and that has been devastating to the economy.
“Unfortunately, with regard to President Cyril Ramaphosa, he knows the right thing but only does it when the damage has been done, and that has deepened the trust deficit during his administration."
www.businesslive.co.za
“We have a plan. We need consistency which then will allow for stability and a clear way forward. We don’t need to chop and change. We need a consistent plan. Business has partnered with government and we urge business to stay the course,” said Rudi Dicks, head of the project management office in the presidency.
Businesses such as Arcelor Mittal and Sibanye-Stillwater have outlined plans to lay off thousands of workers in response to domestic issues and international factors.
Organised business agreed with the government last June to work together on energy, logistics and crime, the three areas business identified as critical to turning around the economy.
“If it is the prediction that economic activity is to decline further, what we have to do is convince the market that the plan [on logistics and energy] is credible and will be implemented quickly,” said Dicks.
Senior economist Iraj Abedien said if macroeconomic decisions, especially about Eskom and Transnet, had been taken at the right time SA could have been on a better economic trajectory by now.
“There is a lack of political courage to do things at the right time. We do this too late, when there is no other choice and that has been devastating to the economy.
“Unfortunately, with regard to President Cyril Ramaphosa, he knows the right thing but only does it when the damage has been done, and that has deepened the trust deficit during his administration."
Presidency asks business to delay retrenchments
Rudi Dicks, head of project management office, says there is a plan, and urges companies to stay the course
