ARTICLES in the media of late reflect a sharply deeper intensity to pleas for action to grow SA’s economy. Colin Coleman, Christo Wiese and Cas Coovadia ask for "just three months" for us to show intent. Wayne Duvenage’s request for six months in his open letter to Moody’s seems more realistic, but still impossible.
Peter Bruce acknowledged the Herculean task facing Finance Minister Pravin Gordhan. Barney Mthombothi begged for a mutual appreciation of the suffering we have caused. Inherent is an appeal to sentiment and fairness, our strongest suit.
However, there is a fear that, in the same way that markets are now computer-driven, with "take profit" and "stop loss" commands automatically effected, the ability for even the rating agencies to listen and judge has become limited. However, human interventions remain critical.
Factually, power to make the essential changes is in the hands of the African National Congress and black South Africans, but all must do whatever they can. Strength to our arms.
Mark Henning
Bryanston
Finance Minister Pravin Gordhan. Picture: ARNOLD PRONTO
ARTICLES in the media of late reflect a sharply deeper intensity to pleas for action to grow SA’s economy. Colin Coleman, Christo Wiese and Cas Coovadia ask for "just three months" for us to show intent. Wayne Duvenage’s request for six months in his open letter to Moody’s seems more realistic, but still impossible.
Peter Bruce acknowledged the Herculean task facing Finance Minister Pravin Gordhan. Barney Mthombothi begged for a mutual appreciation of the suffering we have caused. Inherent is an appeal to sentiment and fairness, our strongest suit.
However, there is a fear that, in the same way that markets are now computer-driven, with "take profit" and "stop loss" commands automatically effected, the ability for even the rating agencies to listen and judge has become limited. However, human interventions remain critical.
Factually, power to make the essential changes is in the hands of the African National Congress and black South Africans, but all must do whatever they can. Strength to our arms.
Mark Henning
Bryanston
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