INTERVIEW WITH PRIYA NAIDOO, GROUP EXECUTIVE, STRATEGY
AT
NEDBANK The onset of COVID-19 and recent violent protests have accelerated the need for urgent action to kickstart the economy. The lack of progress in implementing structural reforms to boost economic growth have
PRIYA NAIDOO
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and inequality too.
KEY TAKEOUTS:
Urgent action is needed on growth enhancing changes and reducing
Attention must be drawn to
policy uncertainty to boost business and consumer confidence, investment,
structural reforms to lay the
and growth and to reduce the impact the crisis has had on livelihoods.
foundation for sustainable,
We need a repurposed economy that allows for shared value amongst all
inclusive growth
people in its society.
The Covid-19 pandemic
A collective effort with a clear focus on sustainable growth is required
has further exposed the wide economic and social disparities in SA, which require urgent attention •
accelerated, not only unsustainable unemployment levels, but poverty
Nedbank is committed to transforming and advancing
to achieve real transformation. We need to engage in practical and accessible initiatives from the government together with the private sector to improve the underlying investment environment and unlock greater job creation and faster economic growth. The country’s success is and should be everyone’s business as we are all integrated within society, so we all should care - Priya Naidoo
a national social compact to rebuild the economy
HOW DO WE GO ABOUT REPURPOSING THE ECONOMY? The implementation of structural economic reform remains key to South
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Empowering and supporting individuals and small business owners is one way to address unemployment in SA
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There is a need for financial products that simplify access to financial services and
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Africa’s longer-term prospects. Now, more than ever, individual South Africans, business and labour need to work together to help the government in overcoming the obstacles that lie ahead of us. The fundamentals need to be right - good governance and demonstrable leadership to address the country’s serious structural issues are necessary. Enabling more people to participate in economic activity and begin to
deliver value to our customers
improve their circumstances is key and one of the large untapped reservoirs
and society in general
of potential is the small business sector, which is held back by inherent
IMPUMELELO TOP EMPOWERMENT
2 1 st E D I T I O N
