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'Business as usual' not an option - Patel

Economic Development Minister Ebrahim Patel believes economic growth should benefit all.

Economic Development Minister Ebrahim Patel believes economic growth should benefit all.
Jacob Zuma,2012 ANC policy conference,Ebrahim Patel,Economic Developement Department
Local Politics


JOHANNESBURG - Economic Development Minister Ebrahim Patel highlighted the problem of inequality as the ANC Policy Conference continued on Thursday. 

He was speaking at a business breakfast on the fringes of the gathering in Midrand.

Patel stressed that economic growth needed to benefit the population.

Using a catch phrase that has become synonymous with government, Patel said “business as usual” is not the way to go.

“We cannot continue to grow without accelerating efforts to make that a shared growth,” said Patel.

"To distribute the gains of that growth more equitably, including through the creation of decent work opportunities.”

Patel said people must benefit tangibly from economic growth.

He said South Africans needed to see change in the quality of their lives.

His comments echoed sentiments shared by other Cabinet ministers and President Jacob Zuma about the problems of inequality and unemployment.

The conference has been debating policies that will tackle the triple threat of unemployment, poverty and inequality.

According to www.tradingeconomics.co.za, the unemployment rate in South Africa was last reported at 23.9 percent in the fourth quarter of 2011. 

From 2000 until 2012, the South Africa unemployment rate averaged 25.53 percent reaching an all time high of 31.2 percent in March 2003.

(Edited by Clare Matthes)

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