Today's Labour News

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presidencyBusiness Times reports that the Presidency has defended the year-long vacancy in the role of economic adviser to President Cyril Ramaphosa, saying it hasn’t paralysed decision making on the economy.

The position has been vacant since Trudi Makhaya resigned last May. Presidency spokesperson Vincent Magwenya said the management of the economy, especially the drive to stabilise and grow the economy, was not solely dependent on the President having a full-time special economic adviser. He indicated: “Various elements of the economic recovery plan remain on track with respect to their implementation. Key economic enablers, namely, energy, transport, and logistics are in the process of being turned around.” Magwenya went on to say the absence of a special economic adviser did not mean the Presidency was unable to manage the economy as it was already seeing “green shoots” from the work done to respond to the energy crisis and the logistics backlogs at the ports. “All of this work is being done with the leadership of the government in collaboration with other social partners, in particular business and labour,” he said. However, some observers believe the lack of an economic adviser in the Presidency has hobbled that office, allowing for economic policy matters to be dictated by other arms of government. With elections looming, the position looks likely to be filled only by the new administration. Efficient Group economist Dawie Roodt said while the position of economic adviser to the president was important, the markets were not losing sleep over the vacancy at this time as the country was entering elections.

  • Read the full original of the report in the above regard by Khulekani Magubane at Business Times (subscriber access only)

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