Economic planning is critical for the development of the local government sphere says Auntony Mukhwana, the managing director at Ntiyiso Industrialisation Consulting.
He was speaking on the local radio station POWER98.7’s business show.
Noting the country’s economic planning shortcomings Mukhwanazi says: “We have observed a deficit, particularly when it comes to local economic planning at the level of local government.”
He adds that economic planning entails critical aspects.
“Firstly, it’s important that we identify the key stakeholders within that particular area – [including] other spheres of government and non-governmental organisations,” says Mukhwanazi, adding that these entities must be “consulted to ensure that you come up with a decisive economic plan”.
Continuing the discussion he notes that it is important that “we ensure that we have an understanding of the economic landscape for that particular area.”
He raises another aspect, stating: “It’s very important that there’s a clear [and] well-defined vision [where] we set smart and measurable goals and objectives.”
Lastly, he emphasises that an actionable programme that can be implemented must be set up. “Above all, once all of that is done, it’s important that we ensure that there is a well-defined monitoring and evaluation framework…”
Listen to the podcast with Auntony Mukhwanazi
Auntony Mukhwanazi has been a Chemical Engineer for over 18 years. Auntony started his career at CSIR, materials and manufacturing technology division, where he left as a Process Engineer to join Sasol Technology in Secunda as a Chemical Engineer responsible for plant process optimisation. He then joined Sasol Synfuels as a Section Leader Production.
His last role at Sasol was manager of business development at Secunda Synfuels Operations. He also worked for Air Liquide as a project manager. His areas of competency include process engineering, process optimisation, production management, project management, investment analysis, financial modelling, and business track management. He holds a bachelor’s degree in Chemical Engineering from the University of the Witwatersrand.