South African economy needs less State interference, more privatisation – Roodt

South Africa's political and economic realities were not aligned, Efficient Group chief economist Dawie Roodt told delegates during a Johannesburg Chamber of Commerce and Industry presentation on June 10. As political parties discuss possible coalitions to run the country, he argued that urgent policy changes were needed and for there to be less State interference in the economy. “We need more privatisation. We need liberalisation of all sorts of markets – the labour market, capital market . . .,” he said.