‘Hard but necessary choices’ needed to revive economy

Maimane says these choices include cutting SOEs loose, splitting Eskom into two, privatising SAA and trimming the cabinet by half.

Democratic Alliance (DA) leader Mmusi Maimane said if the government is committed to “picking up the rand” and growing the economy it should make “hard but necessary choices.”

According to Maimane, these include cutting state-owned enterprises (SOEs) loose, at least partly privatising South African Airways (SAA), splitting Eskom into two, trimming the cabinet by half and abandoning the “plunge towards [land] expropriation without compensation.”

Maimane said these “hard but necessary choices” would restore investor confidence and get the country “out of the red.”

The DA leader further urged the government to protect the independence of the South African Reserve Bank (Sarb) and refrain from undermining its governor, Lesetja Kganyago.

“If we can implement these changes right away, we can undo much of the damage caused over the past decade,” Maimane said.

The leader of the main opposition in parliament was speaking in the National Assembly on Wednesday during an urgent debate to revive the country’s economy after Statistics South Africa (Stats SA) announced recently that the country has entered a technical recession.