Fix infrastructure, cut red tape: private sector’s plea to government
Pick n Pay CEO lays out just how difficult it is to do business in SA thanks to state ineptitude
The poor management and development of critical infrastructure in SA were major contributing factors in the devastation caused by severe flooding in KwaZulu-Natal last month and needed to be urgently addressed by the government, says Pick n Pay chair Gareth Ackerman.
Referring to the KwaZulu-Natal floods in his opening remarks at the JSE-listed retailer’s full-year results presentation in Cape Town on Tuesday, Ackerman said while “climate change has no doubt been a major contributory factor in the devastation and tragic loss of life”, it was the “management of climate change, and more particularly the management and development — or lack thereof — of critical infrastructure that is to blame”.
“Our towns and cities are taking severe strain. There is little management of infrastructure. There has been limited investment or maintenance, and service delivery is very poor — so poor that we are finding it difficult in some places to secure insurance of our assets,” said Ackerman...