Gigaba: SA must make extraordinarily bold decisions to grow economy
Finance Minister Malusi Gigaba is due to give details on governments inclusive economic growth action plan on Thursday.
JOHANNESBURG - Finance Minister Malusi Gigaba has called on business, labour and government to put their differences aside and work towards growing the country's economy.
#TRawards Gigaba: The economy has entered a recession we therefore need to work together to grow the economy.TK— EWN Reporter (@ewnreporter) July 13, 2017
Gigaba was speaking at the Thomson Reuters awards at the JSE in Sandton.
“We are interested in your perspective and ideas on how to best grow the economy.”
He's due to give details on governments inclusive economic growth action plan on Thursday.
#TRawards Gigaba: We need to encourage business to invest, transform ownership and supply management to create employment. TK— EWN Reporter (@ewnreporter) July 13, 2017
#TRawards Gigaba: Our economic growth is too low and too slow to address the current unemployment rate.TK— EWN Reporter (@ewnreporter) July 13, 2017
He says that bold steps must be taken to achieve radical economic transformation and create more jobs.
“If we want to grow our economy at 6% on a sustainable basis, we must take extraordinarily bold decisions that change the structure of production.”
Gigaba says South Africa needs an economic discourse that will protect the economy.
(Edited by Shimoney Regter)