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The SA Daily 15 October 2019

Governance inspires progress

  • IMF research finds that reforms deliver more meaningful benefits in countries that have effective governance. It also finds that, because reforms take time, a government should act swiftly after an electoral victory to implement reforms during the “honeymoon” period. It also finds that reforms are most effectively implemented when an economy is in good shape.
  • Indeed, President Ramaphosa’s government realised that rebuilding and restoring governance and fighting corruption at state-owned enterprises, the South African Revenue Services and National Prosecuting Authority would be a prerequisite for growth-oriented economic policy reform implementation in order to deliver the desired economic outcomes.
  • This administration has also worked on other pro-growth and confidence-lifting policy reforms such as finalising an effective Visa regime; providing a policy directive on the release of spectrum to fast-track digital migration; and shortening the deadline for issuing of water-rights licences. Some progress has also been made in addressing Eskom’s situation, with more to come in the next few weeks.
  • The more effective governance is, the more effective reforms will turn out to be.

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