Gordhan: Society frustrated by lack of economic development

The finance minister on Tuesday gave a briefing on SA's message ahead of the World Economic Forum meeting in Davos.

FILE: Finance Minister Pravin Gordhan. Picture: EWN.

JOHANNESBURG - Finance Minister Pravin Gordhan says talking about economic growth is futile if it does not translate in the daily lives of citizens.

Gordhan was giving a briefing on the country's message ahead of the World Economic Forum meeting in Davos Switzerland in January.

The theme for next year is "Responsive and Responsible Leadership”.

Gordhan, who remained adamant that he would not respond to questions on the African National Congress (ANC)’s NEC meeting, says societies are growing increasingly frustrated due to a lack of economic development and social progress.

"Talking alone is not good enough. It is when citizens experience positive change, when they see changes that make a material difference in their life or work situation that they know change has come."

Gordhan says the discussion at next year’s World Economic Forum will focus on deepening inclusive development.

The finance minister says Treasury will be engaging with the metros to discuss growth and how they manage their finances.

(Edited by Shimoney Regter)