Whether it is the
IMF, BUSA, Cosatu, the Black Business Council or the World Bank doing the
criticising, they all agree on certain key fault lines within our economy. The
economy is dominated by big players, investment is too low, there is a rampant
skills and entrepreneurial deficit, we are consumer and not producer focused,
we are good at writing blueprints and plans but are hopeless at implementation,
and we are still suffering the legacy of apartheid. Where there is less
agreement is what to do about it.
Broadly, some say
government should intervene more to stimulate growth while others say the
opposite, that government must “get out of the way” and let business do what it
does best, which is create wealth.