GORDHAN’S VISION FOR CHANGE
CAROL PATON: Can inclusive growth story counter radical economic transformation?
What is radical economic transformation? As the government must take its line of march from the governing party, this is a question Finance Minister Pravin Gordhan would have sat down to think about when preparing to deliver his budget. But after trying to fathom the policy content of what has become the favourite cry of President Jacob Zuma and his avaricious faction, Gordhan must have decided to revert to the economic theories with which the Treasury is safely familiar and counterposed the slogan with the notion of "inclusive growth". In the days leading to the budget — usually a "closed period" for the Treasury — Gordhan and his deputy, Mcebisi Jonas, were out and about on television and the newspapers spelling out their sensible vision for economic growth and setting up a counternarrative to the radical economic transformation story. It was a carefully thought-about political intervention. But will it be enough to win the political battle in the ANC? And more importantly, is the...
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