Business commentary

2016-06-23 06:00

ON a national level, government, organised labour and business continue to seek ways to fast-track economic growth, which is seen as the only way to address socioeconomic problems associated with high unemployment and income inequality.

If they are to succeed, something has to give. Government has to address corruption and structural exclusion of previously advantaged commercial expertise, labour has to stop seeing business as greedy exploiters of workers and business has to stop seeing labour­ as just another input cost to be minimised.

In this country, where it is right now, these paradigms have to change. Business has to view labour­ as an entitled stakeholder and not just a cost to be minimised.

Labour has to view business as the provider of opportunity and not as the greedy capitalist enemy.

Government has to ruthlessly eradicate corruption and stop procedurally­ excluding efficient service providers because they are not owned by a particular race group.

Without such paradigm shifts you can talk all you want and legislate what you want, but nothing will change. All we need to do is look beyond our borders to see what the result will be. The writing is on the wall, but hopefully sanity will prevail and our leaders will understand that a radical change in thinking is required.

According to some analysts a British EU exit would weaken the pound, which may negatively impact on
tourism to South Africa by UK citizens

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