The Auditor-General has been complaining year in and year out that the municipalities have not paid auditing fees. It is not because they are reluctant but they don't have the money to pay the Auditor. So, you can't say that you are throwing money at somebody who doesn't have money. Lots of the things that the municipalities can't do are because resources are not there.
Thabo MbekiProcurement policies of all of the major parastatals, it is a very important element of that processes that will continue.
Thabo MbekiWhen I was in government, the South African economy was growing at 4.5% - 5%. But then came the global financial crisis of 2008/2009, and so the global economy shrunk. That hit South Africa very hard, because then the export markets shrunk, and that includes China, which has become one of the main trade partners with South Africa. Also, the slowdown in the Chinese economy affected South Africa. The result was that during that whole period, South Africa lost something like a million jobs because of external factors.
Thabo MbekiWe raised the matter of an agreement that was reached at the Growth and Development Summit, which was that we should access a certain part, 5% was mentioned, of the funds in the hands of the institutional investors, domestically, for investment in the real economy. That being an agreement of the Growth and Development Summit, we will engage South African business to see how we can make that a practical thing. So, there is a different set of engagement with local business.
Thabo MbekiI think anybody who knows anything about South Africa and the South African economy would know that one of the big constraints to growth and development is skills shortages. So all of us, need to come at this thing as vigorously as is possible and, of course, the private sector has the capacity to take it on board.
Thabo Mbeki