Madonsela: Turning political tide will improve SA's prospects

Madonsela: Turning political tide will improve SA's prospects

Ex-Public Protector Thuli Madonsela says that taking politicians implicated in wrongdoing to task will increase investor confidence in SA. Madonsela noted the 3.2% GDP contraction, saying that after a turbulent situation, a step back is often taken before moving forward.

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Thuli Madonsela is hopeful for South Africa's future, saying that the 'New Dawn' is just over the horizon.

While Mzansi's GDP took a knock, Madonsela explained that this was a setback that was needed before a reset:

“Moving forward often starts with a step back, especially after a turbulent situation. You may have to move back, not to saying it’s a lovely environment but it’s a reality."

While Madonsela admitted that the 'new dawn' had not yet resulted in economic growth, some sunshine is already visible, with big companies she had engaged with committing to reinvesting in the nation.

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Remaining mum on the identities of the companies, she pointed to a revamp of the security cluster and tackling impunity as the way to go as far as boosting confidence is concerned.

Madonsela says that the sense that 'some people' are untouchable is disappearing, adding that prosecutions at the state capture inquiry were on the cards.

Touching on the hotly-debated land reform issue, Madonsela explained that there was a way to handle it from an investment perspective:

“You might not be happy with some policies such as land reform, but at least there’s consistency and you know how to position yourself for what’s coming.”

This comes as the Agricultural Business Chamber points to land reform, blaming it for a decline in production and contributing to the 12 000 jobs lost in the first quarter of this year, reports Business Live.

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