With a 'difficult' economic year ahead, Gordhan urges solutions

Finance Minister Pravin Gordhan has emphasised the importance of government growing the economy to enable it to collect more tax.

FILE: SA Minister of Finance Pravin Gordhan. Picture: Anthony Molyneaux/EWN

CAPE TOWN - Finance Minister Pravin Gordhan has emphasised the importance of finding ways to grow the country's economy.

Addressing delegates at the start the National Union of Metalworkers of South Africa’s (Numsa) 10th national congress on Monday, Gordhan warned the coming year will be economically and politically tough.

The four-day Numsa congress is being attended by over 1,000 voting delegates.

Gordhan has emphasised the importance of government growing the economy to enable it to collect more tax.

The finance minister has painted a grim picture for the coming year.

“2017 is going to be a difficult year politically, geopolitically and economically.”

Gordhan has also elaborated on the impact of Brexit, which refers to the British exit from the European Union.

“Brexit brings in uncertainty for the next maybe three to four years, as many of trade agreement are with Europe as a whole.”

The minister adds Philip Hammond, his United Kingdom counterpart, promised some continuity with regard to trade relations between South Africa and Britain.

(Edited by Shimoney Regter)