Redistribution will have little impact on closing the wealth gap - Mcebisi Jonas

Deputy Finance Minister Mcebisi Jonas says radical economic transformation is not only about changing the structure of the economy, but also about diversifying the economy.

Jonas was speaking at the Daily Maverick media briefing today following budget speech delivered by Finance Minister in Parliament yesterday.

He says that redistribution will have very little impact on inequality and impact on economic growth.

Ilze-Marie Le Roux, EWN reporter

He says we also need to look further at education and other sectors... to drive economic transformation.

Ilze Marie Le Roux, EWN reporter

Listen to Ilze-Marie Le Roux below for more information...


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