MIDRAND - Finance Minister Pravin Gordhan on Wednesday told the ANC’s National Policy Conference that a skills shortage and inadequate transport infrastructure is limiting economic growth in South Africa.
He said the structure of the economy had remained essentially the same since 1994.
The minister was speaking at a business breakfast at the conference in Midrand, Johannesburg.
In his opening address on Tuesday, President Jacob Zuma said the country needs radical economic change.
Some 3, 500 delegates made up of ANC branches, its leagues, alliances and business people will spend the week discussing and debating policy.
However, no immediate policy decisions will be made.
Gordhan spoke to business and outlined some of the challenges in the global economy which he believes have a significant impact on South Africa and other countries on the continent.
He said policy makers must ask themselves what needs to be done differently.
“One of the challenges that the last few years, particularly the last 18 months or so, exposed, is the gap between policy makers and the business sector on the one hand – and ordinary citizens on the other hand".
Gordhan said in the local context, a lack of skills and inadequate transport infrastructure are some of the challenges.
(Edited by Thato Motaung)