INEQUALITY REPORT RELEASED
Oxfam takes aim at NDP’s economic approach
The National Development Plan’s focus on GDP growth ‘does not give a full picture of the country’s social health’
The National Development Plan (NDP) does not go far enough in dealing with economic challenges, Oxfam SA’s economic justice manager Ayabonga Cawe said on Monday. Speaking during the release of Oxfam’s international inequality report, he said it was a "false assumption" that GDP growth should be the primary goal of policy making. The NDP uses GDP as a yardstick to deal with unemployment and inequality. "It’s necessary to measure output growth, but it’s not sufficient," he said. GDP growth did not give a full picture of the country’s social health, said Cawe, who was part of a seven-person panel deliberating on the proposed national minimum wage. The NDP measured key economic success as SA achieving GDP growth of more than 5% in the belief that it would reduce unemployment and inequality.
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