Government’s plan to save South Africa – including changes for visas, businesses, and reducing load shedding
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National Treasury has published its updated ‘Operation Vulindlela’ plan, detailing the government’s strategy to boost the economy after the Covid-19 pandemic.
First announced by president Cyril Ramaphosa in parliament in October 2020, Operation Vulindlela is a joint initiative of the Presidency and National Treasury.
It is a government-wide approach through which ministers, departments and entities implement structural reforms – and a Vulindlela unit in the Presidency and National Treasury monitors progress and actively supports implementation.
Its aim is to fast-track the implementation of high-impact reforms, addressing obstacles or delays to ensure execution on policy commitments.
The initiative will clear the way by identifying and resolving the causes of delays in network industries 15 February 2021 - 14:31 David Masondo Graphic: DOROTHY KGOSI
Poor aggregate demand is not the only reason for SA’s poor economic growth performance. The supply of electricity, telecommunications, water, skills and transport of goods and people have been key strategic constraints on economic growth.
Addressing these requires structural reforms of network industries to unleash the growth potential, thus setting the material basis for employment and tax revenue. These reforms are meant to reduce the cost of doing business and living, which will make SA globally competitive and increase the rate of investment.