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Cas Coovadia: SA must send succinct message on economy

President Zuma told delegates at the WEF meeting that when he talks radical economic transformation he's referring to a change that will lead to inclusive growth.

Picture: Supplied.

JOHANNESBURG – The Banking Association of South Africa says it’s time to move away from slogans that raise questions among investors, and instead send clear messages about South Africa's environment.

Earlier today President Jacob Zuma told delegates at the forum meeting that when he talks about radical economic transformation he's referring to a change that will lead to inclusive growth.

Managing Director of the banking association Cas Coovadia is also at the gathering in Durban.

He says South Africa needs to send succinct messages about what it’s doing.

“I think we need to define what we mean by inclusive growth. And to me, inclusive growth means to look at the structure of our economy and to ensure that the structures are such that they do proactively promote entry of new players in the economy.”