Argon Asset Management economic strategist, Dr. Thabi Leoka joined host Eusebius McKaiser to evaluate the ANC deputy president, Cyril Ramaphosa's recent keynote address on "The Future of the Economy" at an Economic Colloquium hosted by the Greater Johannesburg region.
I have a problem with these plans, expresses Leoka.
Remember we have the National Development Plan (NDP), we have the Nine-Point Plan, we have the 14-point action plan and now we have this new deal which is very Roosevelt-esque and I don't know how they fit into each. I don't know whether to separate the deputy president's plan with the NDP and all the other plans.— Dr. Thabi Leoka, Argon Asset Management economic strategist
Leoka says it is common for politicians to devise these 'plans' and make promises to grow the South African economy by 5% and emphasis the need for investments to grow a gross domestic product (GDP).
She explains that the problem with making such statements is that they are rarely accompanied by data, research and think tanks to develop policies.
This whole document lacks research from the bottom up. Evidence based research is important when developing a policy.— Dr. Thabi Leoka, Argon Asset Management economic strategist
Leoka says one of the things Ramaphosa brought up in speech was the township economy which she believes has been killed in the past twenty three years with introduction of the likes of Truworths, Edgars and Shoprite which have drowned the existence of black owned shopping centres and retailers.
Our problem is not plans. We're very good at that, our problem is implementation.— Dr. Thabi Leoka, Argon Asset Management economic strategist
For more on this conversation on Cyril Ramaphosa's plan click on the audio below:
This article first appeared on 702 : "We're good at creating plans, our problem is implementation" Dr. Thabi Leoka