Investec CEO Fani Titi said that South Africa cannot afford the instability and uncertainty that comes with coalition governments that implode.
INVESTEC CEO Fani Titi said that South Africa cannot afford the instability and uncertainty that comes with coalition governments that implode.
Titi used the coalition failures in the Johannesburg and Ekurhuleni metro’s over the last few years as evidence of what can happen when a unity government fails to adequately work together.
“If you look at coalitions in the metros, they are unstable, they don’t engender any confidence,” Titi told Talk Radio 702 on Monday.
“We cannot afford that type of instability and uncertainty at national level. We need policy certainty so that businesses can invest with confidence,” he added.
The CEO said that in his view the government of national unity (GNU) should just be comprised of two or three mature parties.
This would foster social cohesion and better economic policies.
Titi also added that a centrist government would prioritise economic growth and would lead to better employment levels.
Furthermore, this government would boost business confidence, he added.