As the North West University (NWU) marks the tenth anniversary of its Policy Uncertainty Index (PUI), the data shows that a decade on, uncertainty is increasing and much of the frustrations of the past decade are the result of South Africa not capitalising on its true potential.
This was highlighted by speakers at the commemoration of the PUI anniversary, in Sandton, on July 2, where the PUI for the second quarter of this year was also released.
Delivering the opening remarks, NWU Faculty of Economic and Management Sciences executive dean Professor Mabutho Sibanda pointed out that the country does not lack potential; rather, it not capitalising on converting that potential into tangible outcomes.
He pointed out that the PUI has shown that the country has lacked sustained policy certainty that converts this potential into investment.
Sibanda paid tribute to the PUI over the years, highlighting that it has served as an accurate representation of the economic climate of the country over the years, with uncertainty worsening over this time.
