Ideology holding back economic progress

The main obstacle to the country’s economic progress is government’s anti-growth economic policy and President Jacob Zuma should be courageous enough to bring about necessary changes. Afribusiness expressed this view in a statement issued on 10^th of February 2015.
On the eve of the State Of the Nation Address (SONA), Afribusiness CEO, Cornelius Jansen van Rensburg said:  “The economic stability of the country is held hostage by a government ideology that creates a bad economic policy.
“The low economic growth of the country, unemployment and the derelict infrastructure are mere symptoms of this.”
Jansen van Rensburg mentioned three things Zuma could do to turn around the economic situation: privatise the electricity supply industry, entrench property rights and expand them to all South Africans, and reconsider black economic empowerment in total.
“Only the private sector and more specifically local enterprises, can make the biggest contribution in the relief of unemployment and poverty,” he said.
“The State of the Nation address gives the president the opportunity to make it possible for businesses to invest in the future of the country and as such create job opportunities.”
The organisation concurred with what analysts have observed that the pomp and ceremony of high profile events like the  SONA count for nothing if the economic environment is not ideal for investment growth.