Gigaba's 14 point plan is encouraging but we've been here before - economist

Finance Minister Malusi Gigaba is unveiling his new 14 point plan at the Johannesburg Stock Exchange (JSE) on Thursday, where he is expected to reveal how to grow South Africa's economy.

The Minister said that the economic situation means government has to make difficult choices ahead of his medium-term budget policy statement.

I am keen that we should achieve a higher growth than we did last year as a solid platform for us to make a genuine effort toward achieving 3% growth going up to 6% and sustaining our growth at that high notch in order for us to fight corrup...fight unemployment, poverty, and inequality.

Malusi Gigaba, Finance Minister

Here is what he said:

EWN reporter, Thando Kubheka, says the finance minister raised concerns over the growth of state owned companies, mentioning among others Eskom and SAA.

He says policy and uncertainty continue to be a concern for this economic stake holders.

Thando Kubheka, EWN Reporter

He spoke about fiscal policy, that it needs to be finalised in order to have sustainable wage agreement.

Thando Kubeka, EWN Reporter

Economist at Nedbank, Isaac Mashigo says Finance Minister's plan to grow the economy is very encouraging but "we've been here before particularly on state owned companies".

I do not believe that we getting full value out of every rand spend by state owned enterprises...

Isaac Mashigo, Economist at Nedbank

Mashigo says all that Gigaba is saying all boils down to implementation. He says that the country had good policies before that were never implemented.

We hope from now on we will see better implementation and better coordination between different departments and we will bear the fruits of these policies.

Isaac Mashigo, Economist at Nedbank

He says he was disappointed that the minister of minerals and energy was not present at this briefing to give clarity about his revisions of the mining charter.

Deputy chair of Business Leadership SA, Bonang Mohale says he is encouraged by the minister's genuine attempt to understand what needs to be done.

He says the Minister's 13 point plan seeks to address issues that are affecting this country, especially the technical recession.

Business leadership South Africa is genuinely encouraged by the utterances that pour from the lips of the finance minister.

Bonang Mohale, CEO at Business Leadership South Africa

To hear more of this discussion, listen below:


This article first appeared on CapeTalk : Gigaba's 14 point plan is encouraging but we've been here before - economist


Recommended

by NEWSROOM AI
Read More
Gigaba set to outline government’s inclusive economic plan

Gigaba set to outline government’s inclusive economic plan

Economist Thabi Leoka says trying to stimulate economic growth in this period is going to be hard.

Gigaba is postponing the inevitable - Brown

Gigaba is postponing the inevitable - Brown

Karima Brown gives her take after the minister failed to attend a meeting about how the Guptas were granted citizenship.

Opposition MPs pushing for Parly to summon Hlengiwe Mkhize and Malusi Gigaba

Opposition MPs pushing for Parly to summon Hlengiwe Mkhize and Malusi Gigaba

Both ministers have failed to arrive for a meeting to discuss the decision to grant the Gupta family citizenship.

How to make money out of music has changed (you need to get creative)

How to make money out of music has changed (you need to get creative)

CD sales are falling and musicians need to explore other ways of making money online says The Music Guru Sean Brokensha.

How long before we have a Universal Income Grant?

How long before we have a Universal Income Grant?

The latest test of a 200 years old idea is underway. Should governments give all citizens a basic income?

Popular articles
Zondo commission's secretary implicated in Bosasa scandal - report

Zondo commission's secretary implicated in Bosasa scandal - report

Eusebius McKaiser spoke to investigative journalist at News24 Kyle Cowan on the latest developments in the inquiry.

Eusebius: 'We are living in a worse nightmare than we thought'

Eusebius: 'We are living in a worse nightmare than we thought'

Eusebius McKaiser shares his views on the former COO at Bosasa, Angelo Agrizz's testimony at the Zondo Commission.

South Africans are getting poorer and poorer

South Africans are getting poorer and poorer

It's not your imagination; we’ve lost a decade. Bruce Whitfield interviews Johann van Tonder, a researcher at Momentum.

No more swiping without sweating! Discovery Vitality introduces new swipe system

No more swiping without sweating! Discovery Vitality introduces new swipe system

The health programme piloted a new tag system at the exit points in a bid to crack down on fake gym visits at a few fitness clubs.

[WATCH] Baby hilariously tries to eat mom's burritos

[WATCH] Baby hilariously tries to eat mom's burritos

Khabazela shares tweets and Facebook posts that have gone viral.

NSFAS to introduce R275 monthly allowance for student's personal use

NSFAS to introduce R275 monthly allowance for student's personal use

This is in addition to the food allowance that NSFAS funded students receive monthly, says spokesperson Kagisho Mamabolo.

'I thought he was going to rape me' - Ellen Pakkies on killing drug addict son

'I thought he was going to rape me' - Ellen Pakkies on killing drug addict son

'Ellen' The Ellen Pakkies Story, premiers in cinemas on Friday.