Former Finance Minister Pravin Gordhan spoke to CapeTalk/702's Ray White about how the South African economy can be turned around.
Gordhan says making the economy viable goes beyond just balancing the books.
This is a political problem, it's a problem about political leadership and a problem about political decisiveness...— Pravin Gordhan, Former finance minister
Gordhan gave a break down of what needs to be done for this country's economy to be turned around:
Whether we have sufficient grasp of all the elements of the dynamics that we face at this particular point in time.
Whether we are able to convert that understanding into leadership in terms of thought, strategy and inspiration.
- Whether are we able to generate the right kind of actions and implementations of plans we've had in the books for a long time.
He spoke about the Eskom inquiry into state capture saying that this country has seen a tragedy unfolding where the state owned entities have been maneuvered into serving the purpose of one family and their bank accounts.
What's good about the hearings is that now the public is aware of what's going on and where the problems lie.— Pravin Gordhan, Former finance minister
Denials can only take this so far in terms of providing credible response to issues that are at hand.— Pravin Gordhan, Former finance minister
We have a big job to do in the coming year and beyond to put these institutions in the right footing.— Pravin Gordhan, Former finance minister
Gordhan says South Africa needs a leader who will deal with the problems it faces, that can truly provide jobs for the millions people who are living with no hope of participating in the economy.
It is very clear to me that Cyril Ramaphosa will be able to put together a team that could offer that possibility for South Africa.— Pravin Gordhan, Former finance minister
To hear Pravin Gordhan speaks about how the economy of South Africa can be turned around, listen below: