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'If we don't do things right for SA, we're just another failed African state'

30 April 2019 8:31 AM
Tags:
ANC
Cyril Ramaphosa
BLSA
BLSA COO Busisiwe Mavuso says Ramaphosa needs to start making decisions that are not populist in nature.

Business Leadership South Africa (BLSA) says President Cyril Ramaphosa has to face the risk of South Africa having a credit rating downgrade or address the rise in populism in the African National Congress (ANC).

The organisation is calling for the government to take a definitive stance on non-populist policies because they believe that rating agencies will not be lenient on the country after the 8 May elections.

Speaking to Bongani Bingwa BLSA COO Busisiwe Mavuso says the ANC needs to start making decisions that are not populist.

They need to know that they have to stop playing in a sea of mediocrity and start making decisions that are going to benefit this country.

Busisiwe Mavuso, COO - BLSA

Mavuso says contentious policy issues such as the independence of the Reserve Bank and its mandate and the suggested amendments of Section 25 of the Constitution, are not going to leave the country in good standing.

Read: South Africa is leadership bankrupt, says Bonang Mohale

I don't know if the ANC realises that the chance we have after 8 May is not just another chance - and that it is the final chance. If we don't do things right for this country, then, unfortunately, we are just going to be another failed African state.

Busisiwe Mavuso, COO - BLSA

We are going to have to sit and say, what are those interventions, what are those policies that are going to get South Africa out of this economic downpour that we are facing?

Busisiwe Mavuso, COO - BLSA

Economists are saying that this is the worst post-apartheid financial crisis and it goes without saying that what we are going to have to do post 8 May has to be different.

Busisiwe Mavuso, COO - BLSA

South Africa cannot continue doing what it has been doing and expect different results, she explains.

The president is going to have to rally his troops and ensure that everyone is 100 % behind him. We know that there are factions within the ANC, we know that people are pulling in different directions and we know that the fight back campaign is powerful.

Busisiwe Mavuso, COO - BLSA

We need a leader that is going to be decisive, and the first test is going to be in the Cabinet and the people that he puts in power need to be people that are going to be beyond reproach in terms of morality and ethics.

Busisiwe Mavuso, COO - BLSA

Ramaphosa is going to have to put the right leadership in place to achieve the right direction, with the right policies, and then the right foreign investment can start to flow, Mavuso concludes.

Listen below to the full interview:


This article first appeared on 702 : 'If we don't do things right for SA, we're just another failed African state'


30 April 2019 8:31 AM
Tags:
ANC
Cyril Ramaphosa
BLSA

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