Finance Minister Enoch Godongwanathat the effect of the violence was likely to burden the economy for the next six quarters, according to available research on the economic effects of civil unrest.
The latest GDP figures, released this week, showed 1.2% growth in the second quarter of this year, although real GDP was 1.4% less, at R1.131-trillion, than before theGodongwana, who would not be drawn into commenting about the, said the recovery and reconstruction plan was focused on jobs and growth, creating structural reforms, and maintaining fiscal sustainability. This, the minister added, would focus on capital rather than consumption expenditure.
Opposition parties put it to the finance minister that recovery was unlikely without dealing with state corruption, which was leaking public money through poor procurement processes., set to be tabled before parliament, was likely to improve state procurement challenges.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Economic effects of unrest could linger for about 18 months, says GodongwanaBusiness sentiment was negatively affected and investment stalled, affecting the economy’s competitiveness, finance minister tells MPs Lol 18 years. Your appointment… Another 18 years. 😅😂🤣spoken like a true man who knows nothing about running the finance portfolio they will start blaming the unrest for everything goes wrong even loadshedding they will blame the unrest 😅😂🤣
Source: BDliveSA - 🏆 12. / 63 Read more »
‘The most corrupt among us sing and speak the loudest’: Mboweni gets tongues wagging'They always claim to be the most revolutionary of all. Meanwhile back at the ranch,' said the former finance minister. You mean Mr Fear Fokol ? tat'u tito_mboweni 😎😂 Brewing unnecessary Trouble 🤣🤣🤣😂😂 That's him
Source: TimesLIVE - 🏆 28. / 59 Read more »