BLSA CEO’s Weekly Newsletter – Operation Vulindlela’s wins are real, but implementation momentum is slowing

Operation Vulindlela has delivered tangible wins in electricity and visa reform, but implementation has slowed on other critical reforms. Private sector investment is accelerating to its strongest levels in over a decade, while public sector investment has stalled despite R1-trillion budgeted. The new Construction Action Plan addresses fundamental problems like contractor failures, cash flow issues and lack of professional capacity that have left hospitals and schools half-built. An outside perspective from South Korea – which chose Johannesburg for its sub-Saharan office –reminds us that we have strong foundations, but must maintain momentum on pending reforms. The launch of Operation Vulindlela’s second quarter report last week was a reminder of the valuable work it does, but also of how much still must be done. To me, success is measured only when there is a real, tangible difference on the ground, changing the way we do business. By that standard, OV has delivered important wins, but critical work remains. There are clear successes in that respect. Most obvious is in electricity – the major development of renewable energy projects, Eskom’s return to profitability after eight years, and the 14,500MW of new energy production already registered with Nersa. The vast improvement in registration […]

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