It would be a mistake to react to the recession by focusing only on the growth of established business and letting economic transformation fall by the wayside, said Finance Minister Malusi Gigaba on Thursday.
Addressing the media to chart the way forward following South Africa’s entrance of a recession, Gigaba said during the meetings government had with particularly black business people, it was stressed that inclusive growth and economic transformation should be advanced, despite the bleak economy South Africa finds itself in.
Gigaba said President Jacob Zuma called an urgent meeting last night with Cabinet ministers in the economic cluster where urgent interventions in the economy were discussed. “The President has stressed the urgency of a coordinated response and will convene a full day meeting in two weeks to address the obstacles delaying finalisation of policies.”
As per Media 24. This is poorly disguised abagig rhetoric for radical economic transformation. amuz is hosting a meeting - this will be pilferage at an escalated level.
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