Phosa says South Africa should be ‘plotting’ a credible economic strategy

Former African National Congress (ANC) treasurer-general Mathews Phosa made a forthright appeal on Thursday for the creation and implementation of a credible economic strategy, centred on growth and job creation, rather than “vague, ill-timed, conflicting and populist” policies. Speaking at the Steel and Engineering Industries Federation of Southern Africa’s (Seifsa’s) fourth annual Metals and Engineering Indaba in Sandton, Phosa said South Africa was in “serious trouble” and that the proposal for land expropriation without compensation was “dangerous” for job creation and investment.