Streaming issues? Report here
CapeTalk logo 2017 1500 x 1500
Weekend Early
03:00 - 06:00
volume_up
volume_mute

Up Next: Weekend Breakfast with Africa
See full line-up
Weekend Early
03:00 - 06:00
Home
arrow_forward
Business

[LISTEN] Mcebisi Jonas gives his take on SA's economic and political landscape

14 August 2019 6:47 PM
Tags:
Mcebisi Jonas
'After Dawn: Hope after state capture'
The former deputy finance minister details some of the contents of his book 'After Dawn: Hope after state capture'.

Former deputy finance minister Mcebisi Jonas says opting out of the daily thrust of politics has given him space to reflect on South Africa's economic landscape.

Jonas launched 'After Dawn: Hope after state capture' in Hyde Park on Tuesday night, a book detailing events leading up to state capture as well as the state of the South African economy and politics, according to him.

He was one of the first politicians to blow the whistle on state capture, claiming the Gupta brothers offered him R600 million to take the position of Finance Minister.

He says more needs to be done to drive growth and that the country needs a single minded focus. He says the state is critical to this.

I think the state will continue to be critical. We must contend with the reality that the capacity of the state, I think at least from 2008, has been almost depleted. Key institutions are weak so there is need of rebuilding state capacity and institutions.

Mcebisi Jonas, Former deputy finance minister

Given the agency of growth, I would argue that we need to affirm a set of skills and capabilities in an institution that focuses on investment and trade, policy and trade programme. Give it independent authority and space to be able to take decisions, drive investment etc.

Mcebisi Jonas, Former deputy finance minister

We have got to seem to be doing things, clearly fixing education is a critical part of that. In the interim I suggest that we can't avoid getting into some kind of transitional programme of incentivising labour intensive industry.... you are not going to create jobs for labour that you don't have, you also need to create jobs for labour that you have.

Mcebisi Jonas, Former deputy finance minister

He emphasises that the other part of the puzzle he argues very strongly in his book is to create room for private sector.

I talk a lot about deregulation as a critical trade off that government must do. We have to look at what is the measure of deregulation that you need and that conversation should happen between the state and business... we are over regulated in many respects.

Mcebisi Jonas, Former deputy finance minister

We need to disrupt the current pattern, it is a pattern of cyclical decline... government needs to mobilize all sectors of society behind this programme.

Mcebisi Jonas, Former deputy finance minister

On the political front, Jonas suggests there is a series of side shows disrupting the possible prosecution of certain individuals and stopping the rot in the public system.

I think we should take society in to confidence and begin to move beyond these side shows and focus on the real issues. The real issues are, we are sitting on top of an economy that is not growing...we cannot allow political disorder to continue.

Mcebisi Jonas, Former deputy finance minister

Click on the link below to hear the full conversation...

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : [LISTEN] Mcebisi Jonas gives his take on SA's economic and political landscape


14 August 2019 6:47 PM
Tags:
Mcebisi Jonas
'After Dawn: Hope after state capture'

More from Business

191018gwedegif

Analyst Chris Yelland gives Mantashe's energy plan a thumbs up

18 October 2019 4:54 PM

Government's new energy plan has been announced as the country deals with load shedding caused by Eskom's low generating capacity.

Share this:
Read More arrow_forward

160525HoutBayImizamoYethu.jpg

Meet Johnny Miller, the man using drone photography to change peoples' views

18 October 2019 2:46 PM

Photographer Johnny Miller discusses the impact of his moving work and how he captures his eye-opening images.

Share this:
Read More arrow_forward

171127natasha-mazzonejpg

'It turns out DA MP Natasha Mazzone was right about load shedding'

18 October 2019 1:34 PM

Last month, Eskom shut down claims by the Democratic Alliance that load shedding was on the cards.

Share this:
Read More arrow_forward

ea23d8d2-1283-4d6b-9bb6-dc96aad1f1cf.jpg

City says it will re-evaluate R100 lease fee once CT Stadium brings in money

18 October 2019 1:10 PM

Cape Town stadium will be leased to a municipal body that's subsidised by the city for R100 per annum.

Share this:
Read More arrow_forward

cemairjpg

Aviation body re-issues CemAir operating certificates

18 October 2019 11:30 AM

Sacca executive for corporate services Phindiwe Gwebu says the airline has given them an assurance that all issues are resolved.

Share this:
Read More arrow_forward

master-cardjpg

Are 'tap and go' cards safe? Maybe, suggests this case involving Standard Bank

18 October 2019 10:23 AM

Handsfree pickpocketing is a myth, says consumer journalist Wendy Knowler. But risks remain, suggests a case she took on.

Share this:
Read More arrow_forward

Mara Group

Dubai-based Mara Group opens South Africa’s first smartphone factory

18 October 2019 9:18 AM

The Money Show’s Bruce Whitfield interviews Toby Shapshak (Publisher at Stuff magazine) about the R1.5 billion investment.

Share this:
Read More arrow_forward

Divorce

Considering divorce? How to avoid getting poorer in the process

17 October 2019 2:43 PM

Personal finance expert Warren Ingram warns that divorce almost always destroys wealth. Here’s how to not lose your money.

Share this:
Read More arrow_forward

Light bulb against dark background, electricity, load shedding. Image: Pexels.

Eskom management inept says Sasmef, Cosatu calls for board's removal

17 October 2019 1:57 PM

Sasmef president Tebogo Kaas calculates cost of rolling blackouts, while union's Mike Shingange says Eskom board must go.

Share this:
Read More arrow_forward

basetsana-kumalojpg

'We discuss stocks and options with our children at the dinner table'

17 October 2019 1:51 PM

Bruce Whitfield interviews Basetsana Kumalo about her attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward