Deputy finance minister David Masondo. Picture: ELIJAR MUSHIANA/ SOWETAN
These reforms are critical if SA is to ratchet up its economic growth rate — Treasury has forecast a 7,2% contraction this year. It has been almost a year since the Treasury released its economic reform document, titled “Economic transformation, inclusive growth and competitiveness: Towards an economic strategy in SA”, and several months since the government released its post-Covid economic recovery plan.
The deputy minister said the cabinet would be receiving regular reports on the constraints to economic growth.
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