Patel s misguided industrial policy hindrance to Black Industrialists engineeringnews.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from engineeringnews.co.za Daily Mail and Mail on Sunday newspapers.
While President Cyril Ramaphosa was counting on us being a nation ‘defined by hope and resilience’ to survive yet another year of ANC broken promises, bad ideas and ineptitude, I, dear readers, had my heart filled with real hope for our future in a school hall filled with bright young learners..
To pretend that the system is not primed for an explosion is to be either dishonest or deluded. That the system has not exploded is precisely because of President Cyril Ramaphosa’s approach and the way it offers some of what we need.
The political settlement forged around South Africa’s transition from apartheid to democracy created the conditions for a corporate restructuring of the economy characterized by high profitability, despite low investments. This has involved power entrenchment in large incumbent businesses groups and coalitions of rentieristic interests, which have undermined effective industrial policy implementation and the development of inclusive growth-oriented coalitions. Persistent high unemployment and inequality have fuelled dissatisfaction and contestation over the core objectives of a more developmental state. Industrial policies have also been undermined by the fragmentation of the state. Introduction[1]