ARTICLE: CAN CYRIL AND TITO’S ECONOMIC KITE FLY?
The Centre for Development and Enterprise (CDE) issued a report on 28 August entitled “Running out of Road: South Africa’s public finances and what is to be done”. They conclude that if South Africa does not overcome its fiscal crisis, there will be no accelerated economic growth. However, the opposite is also true: if we don’t start growing the economy, we will not be able to cope with the fiscal crisis. South Africa needs an uncompromising growth strategy, which must be applied strictly. CDE Chief Ann Bernstein warns that Government and the ruling party do not seem to fully realise how profound the changes are that are needed and how much leadership it will take from the President to get it right.