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BMF: How to build a healthy economy

Johannesburg - South Africa's success hinges on the government's ability to lead, Black Management Forum president Bonang Mohale said on Thursday.

"This country will rise and fall, not so much on the quantum of resources, but on our ability to manage, to plan, to lead," he said on the sidelines of a BMF conference on good governance in Midrand.

"[We need the] ability to be able to really internalise the problems confronting us and to consciously and purposefully address them... because Rome wasn't built in a day."

He said at the moment all indices were pointing in the wrong direction.

For the BMF, it made sense to have conversations like the current one so the country could talk about good governance and collaborative governance.

"The reason we looked at governance is because this is the real key to good sustainable economic development. Right at its heart is the question of leadership."

South Africa needed strong leadership with a compelling vision, a leadership which was trustworthy and transparent. This would build a foundation for a healthy economy.

"Then and only then will we have a chance of addressing the three things that keep us awake at night," Mohale said, referring to unemployment, inequality, and poverty.

"There is no leadership anywhere in the world that can ever claim to be at peace with themselves when the gap between the have and have nots is widening instead of narrowing," he said.

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