New economic cluster ministers under pressure as SA faces jobs and energy calamity

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Newsletter| New economic cluster ministers have been thrown in at the deep end – Eskom is on brink of collapse, unemployment is close to record high, and Stats SA is likely to announce the economy contracted by between 1.5% and 2% during the first quarter

With SA facing a jobs and energy calamity, the pressure is on the new cluster to stop stumbling on policy and deliver - fast

Cohen said the top priority for the economic cluster departments should be Eskom, given the huge risk its continuing demise would pose to the economy.Cohen said another priority was reducing the red tape burden, especially for small business. The BBC also urged the economic cluster departments to prioritise opening up the telecommunications spectrum.

She said the ministers would need to make difficult decisions, avoid “incoherent policy-making” and, instead, put in place well-thought-out policies that could be implemented properly in order for them to serve as the fundamental drivers of economic growth and help to reduce poverty and unemployment.

Nedbank economist Isaac Matshego said the way in which Ramaphosa and his deputy, David Mabuza, ran Cabinet would determine the effectiveness of government and, ultimately, the economy. In naming his new Cabinet, Ramaphosa announced that the department of trade and industry would be merged with the department of economic development.Ramaphosa also announced the merger of the mineral resources department and the energy department to form the department of mineral resources and energy.“The Minerals Council SA supports the merger, but there are also some energy players who are sceptical about the merger and unsure if it will bring about the desired results.

A public servant-turned-politician, Masualle is a central executive committee member of the SACP and the ANC NEC.She joined the National Assembly in 2014 and is currently a member of the NEC. Garner praised the decision by former president Jacob Zuma to split the departments in 2009, saying the establishment of a separate department of energy had given those in that sector an opportunity to fully focus on certain issues, such as developing the independent power producers sector, which was “a massive job in its own right”.

 

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DM of Small Business was Cassel Mathale & DM Thabethe was in Toruism

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