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"While there are positive features to the latest economic reconstruction and Recovery Plan, it needed to say much more about implementation processes and timelines," says North West University Business School's economist, Professor Raymond Parsons.
"There were some positive features to the key four-point plan outlined by the president to address SA’s huge post-Covid-19 socioeconomic challenges. There was recognition by Ramaphosa about the urgency required in addressing the economic crisis, the imperative need to promote job-rich growth, to steadily narrow down the priorities to make them more manageable, and to build business confidence in the period ahead.
But is not a bold reform plan and there was insufficient emphasis on implementation and deliverables.
Meanwhile, Stanford Mazhindu, spokesperson of the trade union UASA, says government's track record makes it difficult to accept that the plan will be able to turn the economy around.
"Job creation was the centre of the presentation with the plan promising to create 800,000 job opportunities through major infrastructure development projects. We have heard these promises before the coronavirus pandemic, summits were held to boost the economy and create jobs, and yet they did not yield the expected results.
"Corruption and cadre deployment stands in the way of government’s implementation. Unless there is a firm commitment from the government to root out corruption and revamp the tender issuing process, the infrastructure development plan might not succeed," he says.