Economic Diversification is Now
Tuesday, February 15, 2022 | 130 Views |
Furthermore, it is our view that diversification and investment in labour intensive industries should be a priority to narrow the export base and curb the balance of payments deficits at the same time creating employment as well as opportunities for decent work for citizens.
“An emphasis for more rigorous and detailed audits of development projects, to address waste and corruption should be carried out as proposed by the Honourable Minister”,the Union cautioned.
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...