Reforms key to unlocking manufacturing industry growth
Friday, September 04, 2015
The sector is said to be the vehicle towards rapid sustainable economic growth.
Speaking at a Human Resource Development Council (HRDC) workshop held to establish manufacturing sector committees, Mabena said there is need for the introduction of a globally competitive regulatory framework and improvement of government bureaucratic processes.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...