South Africa: Identifying Critical Sectors for Economic Growth


In a speech given to the Business Economic Indaba last week, Shaeera Kalla called for a National Economic Recovery Plan to be centred around sustainable and shared economic value creation. She warned delegates, 'if we cannot figure out how to share in our value and wealth 'creation', we will share in its destruction'. Below is an edited version of her speech.

One of my New Year's resolutions is to deliberately learn something new every day. So each night I read a chapter of a book titled Uncommon Knowledge - the Economist Explains. The most thought-provoking chapter so far asks: "Who owns what in space?"

How many of you know who owns what in space?

While we're endlessly debating our mining charter, there are governments passing legislation on mining in outer space. If there is life out there, South Africans are well qualified through the principle of lived experience to provide consulting - there's lots of money in consulting, just ask McKinsey. And maybe in space they will even find a Mantashe mineral.

However, while South Africa might be lagging behind in economic growth, we are not lagging behind with its corollary, inequality. The past three decades of global economic growth...

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